Layoffs started in April which are still continuing. CEO says in all hands that reason for many people leaving Yubi is not because of cost cutting, also says they are going ahead with hikes & bonuses. On last day of June payout when hikes/bonuses were expected HR announces that hike/bonuses will come in July payout. Diplomatically they just told that some people will get 0 hikes/bonuses. They want project to Go-live in 2 months but can't complete hike/bonus process in 2 months ?
Very high chance that they will give zero hikes/bonus to all employees this year. HR recently started this shoot out thing where names of good performing employees is called out. What for ? Are they giving any benefits to employees? Vacation leaves are reduced. CEO lies openly.
They just seem to be making fool of employees.
Btw have you seen the recent Glassdoor reviews. Some AVP has posted one in 24th June. Absolutely blasts the senior mgmt
As an employee i think this is in bad spirit. I dpnt understand why people crib. Imagine being in a rented house. If there is an issie we can tell the owner. If he doeant listen we should just vacate the house. If we cannot afford another dont complain.. just adjust
It is important to let others also know. If you have had experience with a land lord when renting a flat, make sure to post it on flat and flatmates group or leave a Google review of the building. If people don't complain, then others will also be fooled. If people did not complain and post online, would others have know about the bad building management at several Co living pgs in India? No, right. And others would have also fallen into the trap. Same logic applies when it comes to a terrible employer like YUBI
Goddam, good thing they ghosted me. Sometimes things happen for the good.
You should never trust anything CEO tells unless it is given in writing. I don't attend these townhall they are just waste of time
Totally agree.. townhall are a waste of time... for the uninitiated.. these town halls are just to reduce expectation among employees..
Projects to go live in 2 months.
Sounds like a fairytale.
Here we're told it's either 2 weeks to pilot or just resign.
Are you folks hiring?
Projects from which dept?
Go live projects in Yubi are subject to changing RBI norms and involve API development for integration with complex loan management systems of the lenders. Hence 2 months. Source - I am developer at Yubi and have several friends in the integration team.
I guess a lot of things that I had predicted earlier in March and April in the " rampant negativity at Yubi" posts on grapevine have actually come true.
Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some pe...
Third round of silent layoffs are happening at Yubi. The company is at cross roads with no real revenue being generated. Last year itself Ebidta turned negative. Cost cutting all benefits revoked. No hike given this year not even some pe...
Just wanted to give some updates now that it has been 1 month since the last post
Hi folks. Have there been any recent layoffs at Yubi in the product team? Lots of CVs floating around and plenty of people using LinkedIn Premium.
Yubi’s culture has been a mess lately.