Anyone on this app working at Rapido? How much merit increment did you receive? Is it in the low single digit percentages? Merit increment was given as a possibility to make a good amount if company achieves profitability targets, but given the increment is so low, how many employees would actually strive for the company to reach profitability?
Yes, Hike percentage is embarrassingly low. I think they want employees to resign.
Since we are seeing a lot of layoffs, a lot of companies are using this as an excuse to provide less increment this year. Interested to know what sort of increments are you’ll getting this year and how much did you get last year?
I got a good hike this year. Around 34% mostly because I got promoted and my hike in the previous year was shit. I wo...
Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership.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 ...
Almost 50% of the org got no increments People with "exceeds" rating got single digit increments Only promotion cases have got early to mid double digit increments Promotions have been significantly fewer this time, max people have been ...
Better than layoffs
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.