DizzyMochi

Layoffs at cult.fit & cultsports

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

15mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

ZestyBagel

Lazypay15mo

But they are profitable then why this layoffs

FuzzyTaco

Stealth15mo

As if that were ever the case. Everyone is just following the trend now.

DizzyMochi

Stealth15mo

True @katelunka 😢

SillyDonut

TCS15mo

Inke margin k chakkar me employees ki dal roti band ho Jani h bc

FluffyDumpling

MongoDB15mo

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.

FluffyDumpling

MongoDB15mo

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

CosmicLlama

Freelancer15mo

Felt it was too expensive. The novelty factor gone, fundamentals caught up.

DizzyMochi

Stealth15mo

What was the novelty factor

CosmicLlama

Freelancer15mo

It's just a gym.

ZestyMarshmallow

Stealth15mo

and yesterday i was scrolling jobs on their career portal

DizzyMochi

Stealth15mo

:,(

SparklyPickle

Stealth15mo

Do you know if S&P team is affected?

DizzyMochi

Stealth15mo

Not sure. My friend works in the tech team

PrancingPretzel

Stealth15mo

what's s&p?

CosmicDumpling

Stealth15mo

Its a bad year going worse

DizzyMochi

Stealth15mo

Yes :((

PerkyBanana

Stealth15mo

Wasn’t Mukesh Bansal supposed to quit curefit too?

DizzyMochi

Stealth15mo

He did step away from his ceo role apparently. They have a new ceo

ZoomyBurrito

Cred15mo

Who?

DizzyPretzel

Stealth15mo

It had to happen eventually.. with all the losses catching up.. i feel Decathlon is better than cult at its products and customer experience..

SquishyQuokka

Gojek15mo

Oh they laid off? I thought demand was strong for their meal products

DizzyMochi

Stealth15mo

Yeahh ;(

SillyDonut

TCS15mo

Anyone can breakdown cult profits like gym vs play vs food and merchandise etc

Discover more

Curated from across

Software Engineers15mo

by SnoozyPotatoSoftware Engineer

Layoffs in curefit

Heard from old colleague that there were another round of layoffs at cult

News Discussion10mo

by CosmicTacoGrapevine

The Morning Vine: Fresh Brew for Your Office Commute 📰

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...

Layoffs20mo

by ZestyPretzelCategory Manager

Rebel Foods Layoff

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.