Indian Startups23mo
by ZoomyBagelAnalyst
No layoffs at Cred?
Why hasn't Cred laid off despite their massive losses? Looks like VC pressure doesn't apply to certain people.
Layoffs
on
FuzzyCupcake
CRED is doing silent layoffs[Don’t join]
I along with some others from my team have been laid-off and the reason they are giving is performance issues but thats not the case. Even the most hard-working folks are being laid-off. Its not just my team its across org. They can’t make money due to their business model and silently laying off people to save their reputation in the market. They have unexpectedly high expectations from their employees.
“It all golden from the outside but inside its rotten”
7mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
FluffyDumpling
MongoDB7mo
The business model always looked shady. Finally turning to the model which is as old as time- lending. You can't make money other than this, quite simple! Wouldn't be surprised if they closed everything down and just focused on increasing the unsecured lending business. Time to smell the coffee!
FuzzyCupcake
Deliveroo7mo
All the fintech super apps are pretty much the same which increases competition and lower the revenues in the segment.
ZestyQuokka
Stealth7mo
Never golden from outside, we knew it was a ticking bomb.
If, for years, a company is not able to make money and sitting on VC cash - bound to fail.
You are lucky you got out of this. Much better things in store for you. Best wishes 🙌
SparklyCupcake
Stealth7mo
But this is how tech companies work. It takes time to figure out scalable business models. If CRED wanted to be small profitable company, it could have done it just using an NBFC license. If you aim to be build something that’s never been built before, there is no playbook to copy and you are always fighting to survive while chasing audacious goals.
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Indian Startups11mo
by BouncyDonutFounder
Hearing rumours about CRED layoffs
Market and news media has been reporting that CRED is scaling up revenues and building huge loanbook, but seems like they are also now laying off people. Why?
Indian Startups10mo
by SleepyBananaPhonePe
Simpl Layoffs
Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days
Also Dm if you can refer for sde jobs, thanks
Top comments
Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)
Same. Got laid off from Simpl. Please refer possible.
by SqueakyJellybeanConsultant
Top comments
I had an offer from them, didn’t like the hiring manager, so rejected the offer. Today I realise it was a blessing in...
They just fired 40 percent of engineering team what an incapable upper management !!!!!!!!!!!!
I have received a meeting to for important update maybe layoff