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Layoffs
Layoffs
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FluffyDonut
FluffyDonut
Stealth

Layoffs in simpl.

they laid off around 30-40% of their strength.

20mo ago
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FuzzyDonut
FuzzyDonut
Stealth20mo

How do companies like Simpl even make money?

PrancingNoodle
PrancingNoodle
Zomato20mo

That’s simpl question, they don’t.

GigglyPotato
GigglyPotato
Slice20mo

@BumpyCup6 same as swiggy lol

PeppyCoconut
PeppyCoconut
Stealth20mo

Most fintech companies, especially BNPL are one circular (from the RBI) away from shutting down.

GigglyNarwhal
GigglyNarwhal
Stealth20mo

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

JumpyPretzel
JumpyPretzel
Stealth20mo

What’s the grey area they are operating in ? They pay the merchant directly right at checkout and earn a commission from that.

GigglyNarwhal
GigglyNarwhal
Stealth20mo

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

GigglyNarwhal
GigglyNarwhal
Stealth20mo
  • 25 people from senior folks
WobblyBanana
WobblyBanana
Simpl20mo

Every department is affected

FluffyNugget
FluffyNugget
Plivo20mo

Wow are layoff % increasing ?

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