Rampant negativity at Yubi

@Shiawase Are you broke man not having money for the next meal? If a company stops providing food does it mean or indicate layoff? After getting ctv of 30 to 40 lpa can't you even afford to buy a single meal and you are expecting company to do everything? I am seriously wondering how company is running with people in like you? Dude how many seniors folks have left do you have a count huh? Do you see project is shelved? If food is reduced and you have some shitty points can you post anything? Do you see when good food was provided how much wastage happened? I have no words but to feel pity people like you exist

Since one of the comments have been deleted by a company stooge after I responded to this post with Facts. I will post them again here

1. CXO level exits have happened despite what people have posted. Shubham jain was CBO of real estate product but he left and now that product has been shelved. OCS has also been shelved away. Ther have been senior product exits from SCF and so that product team also seems a dicey place to be in .

2. These 2 can be validated by checking the Jira board as well.

3. revenue targets have not been met again so whatever break even/ profitability point you read, please take it with a pinch of salt

4. Stooges have been posting that CEO has mentioned that there will be no layoffs. No CEO mentions layoff untill the final moment that they do. Again, nowhere have I mentioned that layoffs are 100% guaranteed. I have just mentioned that there are several signs that they might happen, so in case someone is planning to join, they should be well aware.

5. Have heard today that several people in HR org are also being "let" go.One of the directors ( Mr. J ) has also left

6. they are planning to phase out slack also to cut costs. Some people have noticed but ACs are also being switched off frequently to save costs. Have already mentioned about the food situation. In such a scenario, I don't see why wfh should not be given to all. No point calling people to office and expecting same performance with subpar conditions. CEO hasn't even mentioned that they will be reducing cost in the short term but things will improve down the line. Just silent cost cutting everywhere.

Bro they came to my college with 40lpa ctc, those who are joining yubi are gassed

Wth. I was about to

Wanted to update this thread based on new developments :

1. All contract workers have been laid off. Several interns in tech have been given 1 weeks notice and been told their internship is now cancelled. More than half of the remaining interns have been told that they won't recieve PPOs.
2. A VP of engineering has also left & the chief economist who was hired a few months back has left or been asked to leave.
3. CEO wants everyone to learn everyone else work. So all engineers have to become full stack and in the sales team everyone needs to learn how to sell each product. Earlier each product had different sales team. If I had to make a guess , I guess this has been done to make people more replaceable and that helps in doing layoffs.
4. Once of the floors in the Chennai office will no longer be rented. Although this is a good move.
5. Food situation is still the same. But now you also have to pay for it. I don't mind paying, but they can at least provide better food options in the office. Wish they change the vendor.
6. No WFH for the entire yr.
7. in the last townhall it was mentioned that the Senior leadership will take pay cuts.

Quite a tense situation as of now.

Guys, understand there are issues at Yubi currently. However these are part and parcel of life, if you choose to work in a startup. Startups are cults of founders and 99% of startups are not exceptions to this rule. Don't expect 200% transparent decision making in any startup. Many variables go into decision making and it's hard to disclose everything to everyone. Second, almost everyone in a startup is paid higher than counterparts in mature companies and this is for taking the extra stress. No point accepting that initially and cribbing about it on forums. There will be excess spending followed by excess cost cutting. These are all ways of life and i wish those who joined this company had the maturity to be level headed about these things. World is not crashing down since yubi is cutting costs. Sky is not falling if a couple of management folks quit. The ownership and learning , if you happen to join at the right time, compensate for all these minor rumblings. Please add perspective to your comments. Everything is not positive, everything is not bleak either. Cheers

Just wondering if cost cutting is needed, why aren’t they asking employees for WFH?
Saves so much fixed cost - leasing office space, facilities- food, ac, electricity, etc.

@Shiawase if you so bitter just quit already? Are you not finding a cushy job like the one you have now at Yubi where you have all the time in the world to come and populate this thread with non factual stuff only coz you one got one less chapati? You made sense when you started your thread but by now you seem to have lost it all. Peace out.

I don't see Yubi trending anywhere. Layoffs, losses etc are not being picked up by the press. Only this thread sniffs stuff

I had an pathetic interview experience with them where as part of 2nd tech round which was Algo based where interviewer was taking multiple interviews and didn’t explain the problem statement well and within 5 mins while I was still solving the question he mailed the rejection mail . I had my gmail notifications on and while I m solving it in 5 mins the guy sends me rejected mail . I dropped the interview in middle by seeing the mail it was ridiculous as if the guy saw may be my solution is not matching the solution he has printed in front of him. Avoid such companies like plague glad they are in trouble.