Whoa!!! Meesho also joins the lay-off season
Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company. Sad to see this economy claiming another victim in the form of Meesho.
Bro i ha e a lot of batch mates in meesho we probably might be from the same college, but everyone cribs about this company
Corporatesucks
Stealth
a year ago
Oh ..didn't know
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AliveYouth71
Stealth
a year ago
251 - like is it some shagun? 😂
Eh India’s economy is much better off than US. Yet layoffs will still happen. New reason of AI to do this is already ready
I've not heard good things about Meesho. Surprising to see that they are so late in doing layoffs.
HappyFeet92
Stealth
a year ago
They already did one round of layoffs in Jan, under the pretext of performance. Around 50-60 people were asked to leave
Aah that makes sense now. Looks like they realized that they need more trimming even after first round of layoffs.
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Meesho was sitting on -10% EBIT, at CM they would be (-1-3%) - they are losing money
Corporatesucks
Stealth
a year ago
Unit economics hardly makes sense for any startup. Can't help but feel that companies are using the current economic downturn to get away with as much as they can.
They did the layoffs few months back, no?
So this means they do lay offs every quarter or half year?
