Layoff massacre at Jupiter Money

@Vanmaanush hope this post of yours won't get deleted again

What the actual f about this sms mining? Are you serious? 🧐

Anuj got fired!?

Bad phase. Bad time. All bad decisions are coming back to reap.

Isn’t this going to happen at almost all the startup’s in this genre? Slice or Fi is not doing anything better either.

It sounds like Jupiter Money is facing significant challenges across multiple fronts. The recent layoffs, including the firing of the CPO and Directors, indicate a restructuring aimed at cutting costs amid financial struggles. The data leak and privacy concerns, compounded by the use of SMS mining, have further damaged the company's reputation and may have legal implications. The high monthly burn rate suggests financial instability, prompting the founder to aggressively pursue funding while implementing cost-cutting measures like reducing headcount. However, this approach risks further destabilizing the team and eroding trust in leadership. The company's poor reputation in the industry, coupled with unsustainable business models and regulatory issues, poses long-term challenges to its viability. The reliance on co-branded credit cards, perceived as scams, reflects poorly on Jupiter Money and undermines its credibility with both customers and investors. Additionally, the strategy of hiring from branded colleges to improve reputation for fundraising purposes appears to have backfired, as many of these hires are now leaving the company. Overall, Jupiter Money faces a daunting road ahead in rebuilding trust, addressing regulatory concerns, and establishing a sustainable business model.