Just wanted to give some updates now that it has been 1 month since the last post
Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/
Pressure is on because they missed their revenue target massively. And next year target is atleast 3X of last year
I mean this year's target, i have also seen the valuation model. To get unicorn valuation with low actual revenue, you need to show non linear growth in revenue in future. Expect more pain to come here.
That is true, i can't unfortunately reveal my identity here. But yes i am involved in these discussions - hence i say this, we are in for lot of pain. It is just starting
Sir/Madam: Why don't you only do the next townhall? Aap Mahapurush hain
I can't lie so much with a straight face
Everything I have mentioned here is happening as we speak. You can ask anybody in the org. In one of the previous townhalls CEO said there will be no layoffs while I am here. Now we all know how credible and empathical he is. Silently several teams are getting axed.
@Shiawase why such shit decisions? don’t they’ve enough cash in bank?
Outsider take - this thread appears to be an attempt by unhappy employees (not commenting on whether they are right / wrong) to be heard by co management (assuming they are on this thread), by discouraging potential hires.
The allegations aren’t being substantiated with data, ‘till their last day with the co’. So the upset lot still clearly care about their own interests.
Personally I do think that the hiring strategy has gone terribly wrong if the firm’s own employees are on forums speaking ill, let alone wearing the jersey.
However, weaponising this platform to be heard, at the cost of colouring impressions of potential hires didn’t seem right.
While I don't know about secondary sales and other aspects that another user has highlighted, all the points that I have posted above ( regarding silent layoffs methods , cost cutting) are true and happening as we speak. This can be confirmed by anyone working in the company.
The idea of this and the previous post was to highlight the reality of what is going on at Yubi so that potential hires don't fall into the traps that HR have been spreading (' yubi a great place to work").
If anyone is curious and wants to read the 1st part, please search Yubi on the grapevine search bar and you will find it.
Link to part 1
Rampant negativity at Yubi
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 im...
120+ comments on Grapevine Checkout this post - https://share.gvine.app/JuxZRj6TVD8siFfQ7
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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
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.
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...
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...
Goddam, good thing they ghosted me. Sometimes things happen for the good.
