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A Union of-by-for White Collar Employees

I am so frustrated by observing how some Indian startup founders have been mistreating employees. This is happening literally in all the startups and corporates. Many of us invest their precious time and money obtaining degrees, only to become corporate employees. India won the WC on Saturday night, and since then, I have seen numerous rant posts from people complaining that they missed this moment because they were overworked. The rate of employee exploitation is alarmingly high, as founders often believe they have alot of options and are driven by their greed for money. Look at the plight of startups, the top management says they do not have money so they lay off the whole departments without any prior notice. Yet they spend so lavishly on showing investors or on their socials how cool they all are. We are bloody engineers, not their family bound slaves. Why do we suffer ? I believe it is high time that we establish a union for employees working in the IT industry. This exploitative culture needs to come to an end.

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ScholarlyTreasury

Startup

3 months ago

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JadeArgent

Independent Law Practice

3 months ago

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Torque78

Metamap

3 months ago

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Torque78

Metamap

3 months ago

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Indian Startups on

by RealGenZ

Stealth

People way overestimate the life of founders

IIT grad here building a venture backed startup. I think 99% of folks here believe that venture backed founders are super entitled and in a much "cosier" position than employees Just sharing a few facts about our journey so far if it helps anyone improve their perspectives- 1) Paying ourselves 33% of our campus salary & 60% of what we are paying to our employees (Talking about Pure Base Salary here, not including ESOPs) 2) Insane stress - You basically have to raise money to build (esp if its deeptech because of the high fixed costs) and there are predefined metrics you have to always chase, sometimes just beyond yourselves. Your product will be copied if it's good because well, they always have more money than you. You work 7 days a week for insane hours, chasing metrics required to be "afloat" 3) 99% of venture backed startups result in 0 liquidity gain for founders. So basically in all likeliness, everything is for a net negative return compared to if we took the campus job So, when you wholeheartedly bash founders as if they are sitting On a goldmine while you are toiling for THEIR gold Treasure, just understand that more likely than not, there is not really any gold but rather an irrational hope they are clinging to Also, Yes-we pay above market to our employees (100% hike for the last one) but the truth is some startups just Can't afford it. And ironically, there is a much higher looking down on these startups with meagurely paid founders rather than giants like Tech Mahindra paying peanuts to their employees while having a 1000% salary hike for the executives. Yeah, most startups need to do better but please appreciate if someone is atleast trying to do better because trust me, it's INSANELY HARD.. The number of posts I see about Flipkart making hundreds millionaires is way too less than the ones I see about pinpointing at every single mistake early stage startups do & I just wanted to express my opinion on it Peace!

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Layoffs on

by BaatMaan

Stealth

[Layoffs] Why have we just collectively decided to suck it up rather than retaliate?

It's infuriating how everyone's advice to deal with layoffs is side hustles, wasting your life away to constantly upskill and reducing spending. Basically everyone here is saying "live life like shit to appease your corporate overlords" as if layoffs are OUR fault? Instead, why aren't we seeing any advice on the lines of: Build expertise in something while you're an employee and later start your own company/business/consultation on the basis of it. This will increase competition within businesses and will force them to treat their employees like humans. This was kind of the reason why things were generally good for employees from 2021-22 because all the startups popping up increased competition for labour. Or if your employer lays a bunch of people off and starts giving the rest of you their workload, simply refuse! Don't work extra long or extra hard. Get the employees together collectively and make everyone, or at least the majority refuse to entertain these outlandish demands from your employers. What are they gonna do? Fire you all and lose their business? And if that's not going to work, just do everything very poorly and if you're asked about it, just cite that there is a lack of manpower needed to get quality results. Basically, why have we collectively decided to take the short end of the stick and make our lives miserable when we should instead force employers to face consequences of THEIR OWN poor strategic planning? Why aren't we even discussing ideas for, let alone working on protecting our own best interests rather than interests of those who are screwing us over?