Hey Viners, do you think Startups should provide the details of their financial health to new employees so as for employees to know where they stand ???
Many startups, no financial transparency, founders who say we have enough runway, all bs and in the end laying off people, reducing benefits. Doing secondaries for founders and making big money and running away
I think they should, if they don't have anything to hide 😏
Problem is that larger the company grows to be, more the skeletons that get hidden in closets.
Most importantly, such numbers might lead people to estimate salaries and that could be controversial especially for senior folks who might not actually be able to justify it.
Can we have a Grapevine feature for crowdsourcing this somehow?
People joining senior roles, CXO or BOD get that access, but only after the pay is agreed. Thats only do with legal reasons. For lower level employees we should be happy that startups allow coffee breaks or provide water supply in toilets.
Should they? Yes. Would they ever in a million? No.
It is too much sensitive information, sometimes even investors are not made privy to it
Yes, they should
Absolutely sad to see the state of the startups, most of them. I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates. Look at all these companies that have raised s...
Investors should get some blame as well
It was a pretty tense situation at the office.
Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go t...
Oh damn That is unfortunate Sorry if you’re affected
I am so frustrated by observing how some Indian startup founders have been mistreating employees. This is happening literally in all the startups and corporates.
Many of us invest their precious time and money obtaining degrees, only to...
