SIMPL in Crisis?
heard that they are burning a lot in funding discounts on D2C websites they work with to retain them. BNPL is also not doing too well.
First, how is a BNPL company surviving? They are hiring. How is the culture there? Anyone knows?
They laid off folks 3 months back. One of my friends who was a top performer was laid off
Damn. What was the reason given to him/her? How and why the fuck are they hiring again?
Only answer that comes to my mind is that they pivoted to a new model and got fresh expertise to move in that space.
They hired a acquaintance of mine a few months ago and now he is hiring for his team.
Could also be hiring folks at lesser CTC for same posts
Know a couple of folks who were laid off 6months post joining. They were in Product, Not good feedback. Company doesn’t have a vision and went on a hiring spree as soon as they closed the last funding round and later laid off a lot of those hires.
And they are hiring again. Interesting 🤨
I interviewed, the hiring manager was too arrogant to listen to your choices in terms of problem solving and also how you manage to get a great jump in a career, red flag for me gonna interview in future just for practice nothing else
heard that they are burning a lot in funding discounts on D2C websites they work with to retain them. BNPL is also not doing too well.
How Simpl doing when compared to Slice? Does this sector really work(BNPL)? Is leadership inspirational in that company?