Layoffs19mo
by ZestyPretzelCategory Manager
Rebel Foods Layoff
Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. And this cycle will repeat in 6 month as stated in their mail.
Layoffs
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TwirlyNoodle
Rebel Foods Pvt Ltd, (formerly Faasos) has done layoffs
Rebel foods Pvt Ltd (formerly faasos), which became unicorn has done layoffs in tech and product. ( We have no idea about kitchen staff layoffs) The number of people let go forms a considerable % of the total strength
Beware of joining such startups! They will surely name this as "performance" based removal, but what do you have to say for firing freshers you hired not even 6 months ago?
26mo ago
DizzyMuffin
American Express25mo
Fasoos is still a thing?!
TwirlyNoodle
Stealth25mo
Became a unicorn, when it really is a pig in a wig
DizzyMuffin
American Express25mo
I remember when they had listings in Swiggy / Zomato. Priced through TF roof I dare not order.
BouncyBiscuit
Stealth25mo
Raised 100 Cr debt basically means borrowed 100Cr at a high interest rate. A lot of funding round news is from Strides etc announced as a ‘raise’. Till the time employees themselves don’t understand financial basics they will always be surprised by firings. They took a 100 Cr loan to save the boat.
TwirlyNoodle
Stealth25mo
Thank you for explaining this!
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Curated from across
Indian Startups19mo
by SillyLlamaDirector of Engineering
Mass layoffs at Ashneer ‘s latest startup
Today mass layoff was done from Third Unicorn Devs, IT team, devops all were impacted
Layoffs in such early phase startup came as a shock
Could be due to new GST rules
What do you guys think?
Top comment
Let me look for F to give
Office Gossip24mo
by SillyMarshmallowStudent
Layoffs disguised as resignations
Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.
Layoffs17mo
by SleepyJellybeanData Scientist
Top comments
Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But ...
What grows fast, comes down faster!!!