Lot of Developers are leaving the company (specially frontend) because of low salaries, limited scope of work and Return to office policy. Company is silently creating an atmosphere where developers are leaving on their own.
Company is also not planning to provide any good pay raise in the upcoming appraisals.
Time to leave the company :(
How come razorpay is paying less..how much are they paying to PMs and SPMs? Isn't it one of the best startups around?
I was told that PM 1 salary is capped at 32 LPA, all fixed.
They have lot of cash reserve from previous fundings and running expenses are running from their annual revenue well. But they are over optimizing cost now and now making an atmosphere where developers are leaving on their own. For Frontend Devs there’s a very little good work in few teams, rest of the FE Devs just work on non-productive tasks entire year.
Company also knows that they are not in a phase where they need top notch 45 LPA Frontend Devs where 10-20 lakhs one can do the same so they are making them to leave by putting them in PIP or not giving them raise saying macro economics blah blah.
Thing is lot of developers joined when company was not even unicorn, took risk, expecting salary will anyways increase in future but now when company is at 7.5B valuation, they realize they don’t need those good developers anymore.
I thought razorpay is one of the better startups. 😶
Business teams also getting no raises !!! Screwing up the culture and shitposting and pretentious branding has increased by the founders and their bunch of founding team sycophants.. While joining thought Razorpay going to be a generational company. All I see now is a regular okayish startup with no real innovation to do !!! Market's on freeze else wouldve moved out long ago !!!
The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs.
Later, the c...
Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.
Amazon dude joined as CTO and is f**king everyone up.
List of companies doing silent layoffs using PIP and Cultural fit issues.
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