ZippyRaccoon
ZippyRaccoon

Cogoport Layoffs

Cogoport laid off around 150 people a few days ago, just before welcoming a new batch of around 100 fresh grads. Employees were told to resign, if someone denied they were terminated.

Hearing that they have only 5 months runway left. They haven't paid 1yr retention bonus for many employees, as well as extend probation period from 3 months to 7-9 months because they pay Joining Bonus on completion of probation.

They also have a performance management policy where if you don't reach your monthly targets, a certain percentage of your monthly salary will be deducted.

Avoid this company at all costs

23mo ago
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CosmicDumpling
CosmicDumpling

Heard they hired 8 folks from isb around april/may on a comp on 35 plus and right now only 1 is left who is also looking out.

ZestyDumpling
ZestyDumpling

Are you an employee or ex employee?

ZippyRaccoon
ZippyRaccoon

Neither. I have contacts there

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