Layoffs at Practo
Quite a large number of people were asked to resign gradually over the 3 weeks. The impacted personnel include SEs,Some PMs, and EMs too. Looks like a massive downsizing. Around 30 percent of the folks seem affected, but I'm not sure on that number. No severance. A month of notice.
DemandBetterCulture
Stealth
a year ago
Practo engineering team is down to just 35 members now. Close to 50% of the engineering team was laid off
Cancelled
Stealth
a year ago
I remember a time where they were 100 PMs working in Practo
randomadvert
Stealth
a year ago
bc itne amount ka subscription bechte hain sort of monopoly type in this category, fir bhi ye condition hai
Cancelled
Stealth
a year ago
Paisa nahi hai.. I don’t think they are making any money. It is a sinking ship
randomadvert
Stealth
a year ago
might be true, since these days most indian startups are running on debt structure
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Wtf they are saying it's not due to cost cutting but due to performance https://www.indiatoday.in/technology/news/story/healthcare-app-practo-lays-off-41-employees-from-engineering-team-2357440-2023-04-08
Some engineering people with lot of dependencies were asked to leave. HR is motivating juniors, that they can do the work without the senior folks.
Which I think is not fkin possible.
MeatyRider33
Stealth
a year ago
That just results in further chaos and the existing team and product always suffers because of this type of behaviour.
Cancelled
Stealth
a year ago
What happens if they have esops ?
BadMaiden42
Student
a year ago
Vested esops remain in your name
Cancelled
Stealth
a year ago
I have heard only for 5 years, then they go back to pool?
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