There are multiple VPs and Directors leaving in parallel. Is this a mass exodus of senior leadership any indication of the state of the company?
Layoffs are coming in these companies, these type of trends indicate layoffs are coming here
Not necessarily, in some cases it’s just burnout - chasing profitability and operational excellence for years at a stretch. Leaders also have immense pressure to turn around the company, and it takes a toll on everything. The joy of building new is replaced with daily fire fighting, and that’s one reason folks like Instamart Karthik are taking a break.
Yeah, you are right. Chances of them feeling burnout at the same time is far more than layoff possibilities.
Yes, Same is happening in Upstox, Byjus, Unacademy, Fampay and multiple startups
Use coupon VAZ100 for 100% off!
How long before they go bust?
Swiggy is surprisingly a success story, till now. They have 1B in the bank, and strong signals of turning profitable across verticals lately. An IPO is expected next year.
Zomato a public company is struggling. It obvious that something is not working as planned. If its profitable, the senior leadership will take sabbatical not exit.
Don't think Swiggy will be having another round of layoffs. This might well be part of their IPO readiness plan to shake some more big bucks cost or Dale already had a plan to leave by himself and though leaving now as compared to near IPO launch is better. I am more inclined towards the latter as he would be having a lot of Swiggy stocks (~100 Cr) and doesn't want Swiggy (his Stocks) to get impacted negatively from the news.
There was a time swiggy was known for good leadership. Where are all those good people? I see PIP, depression, harassment, layoff posts from Swiggy off late. What’s is going on?
Let's examine a snapshot of the Swiggy Engineering VPs' status from three months ago and compare it to their current situation.
CTO Dale departed just yesterday. Storefront - Madhu has been promoted to the role of CTO, and we are awaiti...
yaar pehli baat to ye ki don't assume that everyone knows the meaning of those god damned abbreviations ....
What’s happening at Swiggy? Which teams are being laid off and how is the process being handled?
Hope not the way Sharechat did.
GV nerds kept fighting that tech jobs are secure and ireplaceable.
2d back, i said to someone that u r safe until a senior intern(workex with low pkg) or AI can't replace u...saw that happening...swiggy replacing sdes 1-4 by ase from w...
