Angel One has laid off almost 50% of its workforce in Data and Product teams. Layoffs are ongoing now in other teams like tech (40-50% est.)
If you are planning to join Angel One, keep this under consideration.
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I know few of the most hardworking product managers have been laid off. It is completely unfair🥲. All shitty things have started when new CEO Ambarish Kenghe has joined.
See the market, liquidity also drying up how brokers will make commission now? Layoff is just the start, soon shutdown will happen for many of these free brokers. 5paisa, Sharekhan, angel one, even zerodha will face some issues.
Is it? Then how co is making 250+ cr profit quarterly?? Co is not in loss for any of quarter.
Are they laying off old folks or recent joiners? What's the reason? How's the work culture at Angel One?
I have seen people with 4+ years with the co, as well as people with less than 1 year getting laid off.
Cost cutting, restructuring and to have a leaner workforce.
Groww’s IPO and RHP was the inspiration for Angel One’s board and CEO to go ahead with layoffs. Since Groww has half the employee count as Angel One.
Groww is hiring for product and tech roles DM me if interested
Layoffs, layoffs everywhere... that brings a lot of anxiety and mental pressure due to the lack of stability
Damn. Layoffs in the current economy is hard for those affected. Very few are hiring
CFBR