SwirlyBurrito

Layoffs at Tickertape

Hey just heard from my friend that Tickertape is planning mass layoffs Apparently Business has been struggling with no scene of any funding Also heard that tickertape might have to give control back to smallcase

25mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

WobblyCoconut

Stealth25mo

This just happened. The founder announced that they are laying off 30 people. He also announced that smallcase is taking over tickertape.

GroovyPanda

Smallcase25mo

It’s 29 people not 30.

CosmicPretzel

Stealth25mo

Ahh just saw some people folks writing on LinkedIn about search for new role. Sad.

PerkyTaco

Stealth25mo

smallcase and Tickertape have been generating no revenue since last 2 years.

FluffyNugget

Plivo25mo

You mean profits ?

SillyCupcake

Smallcase25mo

How will a company have 0 revenue lol spoken like a certified fool

JazzyBoba

Smallcase25mo

As far as layoffs go, heard Tickertape and smallcase have handled it well it seems. Doing 1:1s with everyone impacted etc. and being transparent. Heard this from someone impacted.

JumpyMuffin

Stealth25mo

Yes. Saw a lot of existing employees helping the impacted ones on LinkedIn. Heard that their CEO is in touch with everyone impacted personally.

WobblyNoodle

InMobi25mo

Have used tickertape a bit and their product is very basic. Not sure how much revenue they were generating.

Screener is a lot better for researching stocks with more details.

PeppyCoconut

Stealth25mo

Try Tijori too

GroovyCupcake

The/Nudge Institute25mo

I use trendlyne

SwirlyQuokka

Google25mo

Really liked their prod and stuff they were building!

ZoomyMuffin

Amazon25mo

They’re not dead. Just laying off people you know

JumpyTaco

Stealth25mo

Social media part of their product is not very useful, no one needed that

SwirlyPancake

Jio25mo

It's unfortunate but that sort of app doesn't need that many people. (Speaking as someone who has built a lot of products)

JazzyBoba

Smallcase25mo

Yes, but they might have hired to expand in different categories, guessing that didn’t pan out

SwirlyPancake

Jio25mo

That's likely but you don't hire from instincts, you hire from experience. Management clearly failed.

JumpyTaco

Stealth25mo

Linkedin par toh bada family vibes daalte rehte the roz din posts m uske HR and how they hire only the best Engineers who are some god level coders. Who have no life other than building tickertape.