Office Gossip24mo
by SwirlyBobaProduct Manager
SqueakyHamster
Things aren’t good at Nykaa
I left the product design team of Nykaa a few days back & I foresee things going from bad to nasty. My x colleagues are telling me how a large bunch of folks are put on PIP deliberately. Almost all of them have gotten no or single digit appraisal. Just this week they are now forcing even the Tech. Employees to work from office for 5 days a week, this will ensure that a lot of people will eventually leave the company. The new CTO is just trying to bring the amazon work culture, don’t be surprised to hear some bad news about Nykaa in coming days. The fashion business is itself struggling to make business, Superstore might not make any profits anytime soon.
21mo ago
CosmicSushi
Amazon21mo
Aisa hi hota hai. Fucking dont take leaders from this shothole called amz. Same thing happened with a ****easy, the L7 PM they poached from amz is VP now. Nai ata inko dhanda karne or proper teams set karne.
SqueakyHamster
Atlys21mo
Amazon product team is so bad dude. They are just ruining the work culture across and it’s absolutely damn disheartening to see such things happening.
WobblyBanana
Stealth21mo
Whenever i see a leader who has prev amazon experience i never join that company - and this is from someone who worked at amzn
WigglyWalrus
Stealth21mo
Time to short Nykaa Shares
SquishyWalrus
Stealth21mo
Buy karo. Expense reduce ho raha hai
SleepyPancake
Tech Mahindra21mo
Lol Nykaa shares are valued Ultra Pro Max
ZoomyPickle
Nagarro21mo
Inflated profits before IPO and The promoter made tonns of money by offloading the shares at skyrocketing premium. Now the business is back to square one with abysmal PAT and the firing is inevitable.
SqueakyHamster
Atlys21mo
They are very image specific , so silent layoffs are going to happen. They know very well that they have a good name in the industry so they can afford to hire employees at dirt cheap price. That’s what they are going to become. A dirt cheap labour company
ZoomyPickle
Nagarro21mo
I had a friend of friend making 60LPA as a php developer having around 5 YOE last year. That's crazy and mind-boggling.
WobblyBanana
Stealth21mo
Om shanti 🙏🏽
FluffyNugget
Plivo21mo
Man when will things turn around 😓. Everywhere it’s getting difficult to stay
DerpyNugget
Stealth21mo
Hi @iyush, i am also facing the same bad work culture at my company, just wanted to know if you joined any other company or still looking for option. If it is then please do share some points to get job. (Whatever points you want just share so that anyone can get helpful tips). Thanks
ZestyBanana
Stealth21mo
What according to you is wrong in the Biz model
SqueakyHamster
Atlys21mo
Their business will be easily challenged once Reliance’s beauty platform TIRA beauty start functioning at high discounted prices. Their fashion business is already suffering with “too costly “ tag among women buyers ultimately hindering them from competing with Myntra. If their backbone beauty business suffers losses then they will first stop fashion and superstore businesses. That’s why they are now focusing on cost cutting.
SqueakyWalrus
NSEIT21mo
Forced department wide PIPs, welcome to our world.
FuzzyNoodle
Stealth21mo
The Burning Train
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