SwirlyBurrito

Layoffs at Tickertape

Hey just heard from my friend that Tickertape is planning mass layoffs Apparently Business has been struggling with no scene of any funding Also heard that tickertape might have to give control back to smallcase

22mo ago

WobblyCoconut

Stealth22mo

This just happened. The founder announced that they are laying off 30 people. He also announced that smallcase is taking over tickertape.

GroovyPanda

Smallcase22mo

It’s 29 people not 30.

CosmicPretzel

Stealth22mo

Ahh just saw some people folks writing on LinkedIn about search for new role. Sad.

PerkyTaco

Stealth22mo

smallcase and Tickertape have been generating no revenue since last 2 years.

FluffyNugget

Plivo22mo

You mean profits ?

SillyCupcake

Smallcase22mo

How will a company have 0 revenue lol spoken like a certified fool

JazzyBoba

Smallcase22mo

As far as layoffs go, heard Tickertape and smallcase have handled it well it seems. Doing 1:1s with everyone impacted etc. and being transparent. Heard this from someone impacted.

JumpyMuffin

Stealth22mo

Yes. Saw a lot of existing employees helping the impacted ones on LinkedIn. Heard that their CEO is in touch with everyone impacted personally.

WobblyNoodle

InMobi22mo

Have used tickertape a bit and their product is very basic. Not sure how much revenue they were generating.

Screener is a lot better for researching stocks with more details.

PeppyCoconut

Stealth22mo

Try Tijori too

GroovyCupcake

The/Nudge Institute22mo

I use trendlyne

SwirlyQuokka

Google22mo

Really liked their prod and stuff they were building!

ZoomyMuffin

Amazon22mo

They’re not dead. Just laying off people you know

JumpyTaco

Electronic Arts22mo

Social media part of their product is not very useful, no one needed that

SwirlyPancake

Jio22mo

It's unfortunate but that sort of app doesn't need that many people. (Speaking as someone who has built a lot of products)

JazzyBoba

Smallcase22mo

Yes, but they might have hired to expand in different categories, guessing that didn’t pan out

SwirlyPancake

Jio22mo

That's likely but you don't hire from instincts, you hire from experience. Management clearly failed.

JumpyTaco

Electronic Arts22mo

Linkedin par toh bada family vibes daalte rehte the roz din posts m uske HR and how they hire only the best Engineers who are some god level coders. Who have no life other than building tickertape.

JumpyTaco

Electronic Arts22mo

Well thats good to hear, looks like the management really cares, thats rare

JumpyQuokka

Stealth22mo

I was shortlisted for APM in December then my profile was kept on hold where I followed up with HR over several calls 💀

Layoffs in Tech and Product as well?

GroovyPanda

Smallcase22mo

Yes

SqueakyWalrus

Stealth22mo

Absolutely crap product. There are superior products already in the market

GroovyPanda

Smallcase22mo

Please list some, would really love to check them out.

SqueakyWalrus

Stealth22mo

Screener, Tijori, trendlyne

DerpyLlama

Microsoft22mo

Have there been layoffs in smallcase as well?

GroovyPanda

Smallcase22mo

Only Tickertape BU, in the current round.

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Layoffs22mo

by JazzyBobaProduct Manager

More layoffs at smallcase?

Heard from a friend that their team is seeing possible layoffs of 30-40% of people. Is this credible across smallcase or just their team?

Office Gossip24mo

by CosmicUnicornProduct Marketing Manager

Anyone from Turing.com

Currently interviewing, would like to get your opinion on joining the company. Anyone here have experience with them. I heard good Pay and no leave policy, which is great.