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
