Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?
In this IT recession, where Rapido and many other organization hired IT employee at 5x-10x salary and now they are not able to pay because they are not growing. Due to which other teams like Marketing, Operations, Sales, Finance all are ...
Rapido will be laying off from all departments in next 1-2 months due to not able to achieve EBITDA +ve.
Laying off Funda is totally unacceptable.
Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.
dunzo laid off ~20-25% of it's workforce today, calling it that they overhired, pretty pre-planned. And coincidentally some dept. heads are on leave for the next few days, unavailable to answer their team. I wonder why these people eve...
