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DancingPancake
DancingPancake
OPEN Financial

CRED-owned Happay layoffs 35% of its workforce

https://inc42.com/buzz/exclusive-cred-owned-happay-trims-35-workforce/amp/

19mo ago
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GroovyBanana
GroovyBanana
Porter19mo

Is it happay? Or cred has also started laying off?

TwirlyUnicorn
TwirlyUnicorn
CleverTap19mo

Only happay

SillyKoala
SillyKoala
Stealth19mo

Cred basically trying to get profitable by acquiring profitable startups and doing laying offs in those startups and deploying their own workforce there! I may be wrong! Correct me if I am wrong! #Cred #layoffs

PrancingDumpling
PrancingDumpling
Student19mo

How many people? I don’t think they had 450 people in 1st place

ZoomyBurrito
ZoomyBurrito
Cred19mo

Et says it’s 15% not 35%

SillyKoala
SillyKoala
Stealth19mo

I heard it's 50%

PerkySushi
PerkySushi
Stealth19mo

This is the first sign of trouble imo. Usually orgs do layoffs to reduce headcount overhead from acquired organisations because the back lash and PR isn't as negative. But if it isn't controlled, it more or less spills over to the parent company in this case could be Cred laying off if they don't see their bottom-line improving!

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Layoffs
Layoffs16mo

Layoffs coming up at Paytm

Heard that Paytm is planning to layoff 10% of entire work force. Across all levels.

Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation.

And the layoffs will be h...