FloatingMarshmallow
FloatingMarshmallow

Fynd downsizing

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24mo ago
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BouncyNugget
BouncyNugget

Just to answer your doubts. Yes, a 20% layoff happened.

These two points were exactly discussed in the company event called "State Of Firm(SOF).

Offer letters were rolled back too, cost to existing employees is also optimised,

Co-founder cannot be a person who can commit if layoff will happen or not, if Jio/Reliance asks for layoffs and costs optimisation he has to do it. Although, co-founders tried to push that at the end it happened.

FloatingMarshmallow
FloatingMarshmallow
EY24mo

Will they rollback the offer letters? Does anyone know about this?

WobblyTaco
WobblyTaco

They aren't laying off

FloatingMarshmallow
FloatingMarshmallow
EY24mo

This was tweeted by Farooq Adam co-founder at Fynd

WobblyTaco
WobblyTaco

Read this tweet reply, they aren't laying off according to it

GigglyBiscuit
GigglyBiscuit

They did a lot of hiring last year 😕

SnoozyKoala
SnoozyKoala
Swiggy24mo

I think this memo got really famous and he just shared it. Don’t think the intention of the founder is to downsize.

FloatingPickle
FloatingPickle

I don't think so. Co-founders won't mention about layoffs publicly.

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