LFW

[rant]- What’s up with startups? Sudden layoffs in literally last working week of this year

I understand that companies want to start new year with new energy. But doing it in the last working week of this year is just nuts.

Let folks enjoy the year. Do it in Jan first/ second week.

By doing now, you’re literally spoiling this year and the next.

To founders out there: grow some spine, tell your investors you won’t do it now. I don’t think it’ll hurt your company much (I mean you’ve not done enough, and that’s the reason you’re in this mess, probably suck it up and wait for few more weeks)

To the folks out there, who got impacted, my heart goes out to you all. Good luck. Market is tough, but I know you guys will make it.

11mo ago
Qwerty2398
Qwerty2398
Stealth11mo

They opt for dec, because its quarter ending. The books will appear cleaner from Jan and that quarter will look better when it ends.

It has nothing to do with new energy from new year. Its like they clean the old shit to prepare for new shit.

FunnyBones
FunnyBones
Plivo11mo

Ya this is the main intention I have read across. Few recent ones are under funding clause

BiryaniEnthu
BiryaniEnthu
Stealth11mo

Had they done in Jan first week, we would have said the new year got ruined. No point delaying the inevitable

n69b
n69b
Bosch11mo

Your death is inevitable. Why delaying?

BiryaniEnthu
BiryaniEnthu
Stealth11mo

@n69b slow claps

President_Trump
President_Trump
Stealth11mo

Spine, what is that??

  • An Edtech start-up founder
Thomas_Shelby
Thomas_Shelby
Swiggy11mo

Swiggy does exactly this only! They fired this year in 3rd week of Jan and now a new round of layoffs are expected post new year.

BearBear
BearBear
Stealth11mo

Bhai q horaha

AFAIK
AFAIK
Series B Startup11mo

One of the reasons why I like the Zerodha Engg team. Has a very healthy and stable AF employee count. No investors AFAIK. No layoff, no hiring. Just minding their own business and enjoying their own profits.

Usarnaym
Usarnaym
Jio11mo

What's the team strength?

Freakychakra
Freakychakra
Zeta11mo

I am wondering if Bootstrapped start ups like Zerodha and Zeta generally are better off, than investor led ones when compared for uncertainty

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