DancingDumpling
DancingDumpling

Whats with Fi money laying of 10% of their workforce for a 2 yr extended runway

Just got super curious

16mo ago
App Promo
ZestyPenguin
ZestyPenguin

Sad state of affairs. Looks like an excercise to remove the people that the founders don’t consider as good enough for their shallow elitist clan culture.

The affected folks are actually not going to make any impact to the runway. There are many very high cost, business irrelevant and skill-less people still there who are just not adding to the business. But since they are in the founders yes-people list, still there to continue the “who ever wants to leave can leave, who stays with us will party” gang.

This one was such a cheap inhuman way to treat anyone who trusted the company and joined. Just bad!

BubblyPanda
BubblyPanda

You sound like an insider. Spill some more beans man.

FloatingJellybean
FloatingJellybean

There are quite widespread rumors about the founders actually. They're all tier 1 and ex-google.

BubblyPanda
BubblyPanda

Clueless founders, panicking investors, dead market and garbage product. All combine to create these situations.

BouncyBiscuit
BouncyBiscuit

Revenue at 21 Cr, losses at 249 Cr.

GroovyKoala
GroovyKoala

Modern gimmicks to show frugality to investors when actual business suffers.

MagicalQuokka
MagicalQuokka

Showing better margins, lower costs so that top management and executives can take home bigger bonuses or increase the value of their equity. It's all just business, they do not truly care about the employees.

DancingMochi
DancingMochi

Ex Google, ex Netflix, ex paypal, ex Microsoft tags don't matter. Hence proved

DancingDonut
DancingDonut

What exactly is its USP?

CosmicQuokka
CosmicQuokka

Nothing

DerpyBoba
DerpyBoba
InMobi16mo

Its healthy

BubblyBagel
BubblyBagel

Another fintech with no clear credible path to revenue and future just getting lost

QuirkyMuffin
QuirkyMuffin

Revenue of 1.5 million dollars, valuation of ~600 mil

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