Most fintech companies, especially BNPL are one circular (from the RBI) away from shutting down.
True. Simpl and LazyPay still operate in grey areas and just 1 RBI regulation away from being impacted. Also RBI regulations last year caused Slice to change their whole business model
What’s the grey area they are operating in ? They pay the merchant directly right at checkout and earn a commission from that.
They followed suit with ZestMoney I guess. They had layoffs last week and removed 25% junior roles across all depts. PhonePe took 25 senior folks
Every department is affected
Wow are layoff % increasing ?
Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week, https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headc...
Everyone is informed today about 80% tmrw morning. Joined week back. Please refer if possible.
I can vouch for quality of my work. Looking for SDE/SE role. I can share further details.
Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days
Also Dm if you can refer for sde jobs, thanks
Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)
