Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff
Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.
there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)
rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati. Snacks have been removed too.
Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave.
People have serious doubts on whether any hike or bonus will be given or not this year.
@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
Another sign company is in trouble. Management sending their stooges to cover up. If any of you have any doubt, just talk to any ex employee at yubi, they will tell you truth. I thought fake reviews stopped at Glassdoor
I pray two layoffs happen at company soon you and Shiawase
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
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 .
These 2 can be validated by checking the Jira board as well.
revenue targets have not been met again so whatever break even/ profitability point you read, please take it with a pinch of salt
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.
Have heard today that several people in HR org are also being "let" go.One of the directors ( Mr. J ) has also left
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
Wanted to update this thread based on new developments :
Quite a tense situation as of now.
Also Several people in the HR's talent acquisition team have been laid off.
This exposes what i mentioned in the thread earlier. There is absolutely no thought/strategy and the founder is trigger happy and surrounded by yes men. It was a single sales team earlier and he created this complicated structure and now back to square one . Chief economist job was doomed from the beginning - noone really understands finance to respect this kind of job. It will be difficult to experience but there is no hope - it is inevitable
Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some pe...
Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some pe...
Just wanted to give some updates now that it has been 1 month since the last post
Hi folks. Have there been any recent layoffs at Yubi in the product team? Lots of CVs floating around and plenty of people using LinkedIn Premium.
Layoffs started in April which are still continuing. CEO says in all hands that reason for many people leaving Yubi is not because of cost cutting, also says they are going ahead with hikes & bonuses. On last day of June payout when hik...
