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Layoffs
Layoffs
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JumpyUnicorn
JumpyUnicorn
Loco

Layoffs in Velocity ?

Heard 20% of workforce is laid off in velocity this week.

15mo ago
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SquishyPanda
SquishyPanda
Microsoft15mo

They have been targeting employees to leave by pushing them by asking them to come to office even when sick or to please the CEO. Already 30-40 core people have left and now fired the rest.

JumpyUnicorn
JumpyUnicorn
Loco15mo

You’re saying this for - Velocity, which gives loan for D2C brands right ? In HSR, Bangalore..

SquishyPanda
SquishyPanda
Microsoft15mo

Yes

GoofyPretzel
GoofyPretzel
Stealth15mo

This company culture is worst. There were total approx 150 employee. Due to bad culture 30 people already put papers. And now this 20%. Founders always says they have 4 years of runway.

JazzyJellybean
JazzyJellybean
Stealth15mo

Not 4. 2

GoofyPretzel
GoofyPretzel
Stealth15mo

When I was there it was 4 years. They updated it later.

JumpyNarwhal
JumpyNarwhal
Swiggy15mo

Anyone from product team that was laid off?

GoofyPretzel
GoofyPretzel
Stealth15mo

Yes, few are already resigned due to bad culture. Director of product is also laid off.

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