People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected.
Source: Heard from a friend. + mentioned in the Cross org emails by mukesh
Inke margin k chakkar me employees ki dal roti band ho Jani h bc
Not sure tbh that margins were the reason for any layoffs. It could just be that everyone is doing it so why don't we, even when we are in acceptable margin range. With the current scenario, if they fire 2 out of 10 people, the other 8 would take up the additional responsibilities of the 2 people out of fear. It's just human psychology.
Like I have pointed out many time before on GV having worked with so many founders, most dont know Jack shit about what they are doing
𝟏. 𝐌𝐨𝐧𝐞𝐭𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐣𝐢𝐠 𝐚𝐭 𝐌𝐞𝐞𝐬𝐡𝐨; 𝐝𝐨𝐮𝐛𝐥𝐞 𝐝𝐨𝐰𝐧𝐬 𝐨𝐧 𝐬𝐞𝐥𝐥𝐞𝐫 𝐥𝐨𝐚𝐧𝐬
Meesho is evolving its business model beyond its initial focus on providing a low-cost, commission-free marketplace. The i...
Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. And this cycle will repeat in 6 month as stated in their mail.
Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)
Damn no wonder they are firing I know some average freshers who joined at 21 base last year Overpaying for avera...
