Layoffs at Happay? Which is by Kunal Shah?
Does anyone know if there are any layoffs happening at Cred? I have heard rumours of the same!
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Oh the shareholders figured they don’t need to round and change the color of a button every month!
Layoffs
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DancingPancake
CRED-owned Happay layoffs 35% of its workforce
23mo ago
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GroovyBanana
Porter23mo
Is it happay? Or cred has also started laying off?
SillyKoala
Stealth23mo
I heard it's 50%
PerkySushi
Stealth23mo
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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Actually, these are not layoffs. They recently changed their PIP policy and set a " at least 10%" quota for compulsor...
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