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Founder

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here we go again

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here we go again- Grapevine

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New "Ah! Here we go again" in the market

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Imploding after investors turned off the taps a year so ago.. investors spoilt the ecosystem chasing growth with weak business models.. disintermediation doesn’t always work.. neither does setting up models that impose costs and ignore risks …
the chickens come home to roost..

Agritech startups .. train wreck in slowmo …

Again

Software Test - QA

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We're so back. Let’s fuckity go go then. Yeah

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Program Manager

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I think Sam couldn't clear the DSA round at Microsoft

blink and it's monday again

Here we go again...

Tech team in gurgaon office thrown out and office laptop seized by the Incuspaze space partner due to payment issues. Employees are being asked to work from home even without a company laptop.

Pls share if anyone has some new information on the issue or about BYJUS in general.

Byjus Gurgaon office issues.

Engineering Manager

News portals are at it again

We've really come full circle

Welcome to Software Engineers's Private Community

Does showing fake experience works provided I am talking about just inner work not company or designation and Having original pf data.

Again Fake experience post

Test Engineer

Microsoft Azure Outage in Some Regions !!!

SEO Manager

Brace yourselves

Just sick of this shit

Because its 241 < 272 !!

Software Project Manager

Being an investor in equity markets, i was aware of the fact that US market will crash as the free money by fed draws back. I obviously was not able to link this up with the funding dry-ness.

I still expect a founder to be aware of these economic events. I am curious how could the management decide to go for hiring employees only to lay them off a year later. 

If you are a founder, would be happy to know the other side of the story.

What triggered layoffs ?

Let me explain in detail. 
 There are two parts to it and can be broken down basis PnL 
 1. Revenues : Sudden jump in tech( social media, e-commerce, ad tech, fintech, etc) plus supporting industries (chipmakers, laptop / device manufacturer) and the general economy with QE money  
 This impacted forecasts as most firms forecast AOPs basis historically trend (which clearly was an abberation) - this lead to higher HC estimates and rampant and quick hiring  
 Variable costs: CAC, customer support, sales incentive all spiked up as 1. Everyone was putting money (inc bidding price for key words) and 2. Huge customer inflow due to covid (edtech, e-commerce) that required support  
 Fixed costs: While office space / rents remained steady or dropped as % of revenue. This was offseted by fixed tech (software, hardware, people) costs and other costs like (legal, HR, Business, Marketing, supply chain, etc.) the talent was expensive to source plus their need was instant as you already had customer to be served  
 All of this lead to rampant hiring, inflated CTC, rosy forecasts, etc.  
 everyone had turned a blind eye to inflation implications (as for the past 30 Y no one saw a shooting inflation - hence the key decisions makers had now experience & idea about it) - till Dec’21 even FED said inflation is transatory. 
 It was the Ukraine invasion that opened people eyes. Oil went up, food prices went up, UK Europe saw an energy crisis etc 
 This made all the rosy forecast mentioned above duller as 1. Demand was expected to reduce due to higher cost of living 2. Capital became scarce as funding drired 3. Cost of capital (WACC) became expensive as hurdle rate climbed (which is rate of return for bond)  
 Management and investor panicked as they have limited partners (LP) to answer and quess who are these (big pension funds) so people’s pension money had come into startups which were not showing signs of exit for investors. 
 All in all - it is a pain we all have to bare for being exuberant in 2021-2022:

here we go again

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