
Udaan almost fired 60% staff
Friend works there. He kind of confirmed. Company is still struggling to find profitability. Not much margin in fmcg and food segment, which is their biggest pie of orders.
Silent layoffs in udaan across category and support functions
How many are left after so many previous rounds of firing? Did they hire just to fire?
Hiring is freezed since last Diwali. Problem is apart from credit ( where fundamental is sorted and only scaling up is required ) other divisions are NOT making money
Ofcourse it's designed to be like that no? Credit and supply chain make money, category teams bring in the customers for them. But the problem is elsewhere ;)
Hope you are safe
Je baat
What functions? Was there a PIP rolled out ?
Udaan ki crash landing ho rhi
Rebrand to crash-landing
As of now only their CREDIT business is making money. Category is bleeding hence they are firing there.
No not known as they are not firing in bulk but sending information to employees 1 on 1.
Friend works there. He kind of confirmed. Company is still struggling to find profitability. Not much margin in fmcg and food segment, which is their biggest pie of orders.
Just got to know internally that Unacademy is planning another round of silent layoffs in October.
No severance will be paid. Or any benefits.
Possible caveat of the funding?
Looks like job market is a bit more stable nowadays, first half of the year was all about layoffs, and pink slips. Post June while the layoff news is still coming in, it's not as frequent as earlier. Maybe no boom right now in job market...