they laid off around 30-40% of their strength.
Most fintech companies, especially BNPL are one circular (from the RBI) away from shutting down.
True. Simpl and LazyPay still operate in grey areas and just 1 RBI regulation away from being impacted. Also RBI regulations last year caused Slice to change their whole business model
What’s the grey area they are operating in ? They pay the merchant directly right at checkout and earn a commission from that.
Every department is affected
Wow are layoff % increasing ?
And they gave me huge cashback on bms and mmt.... Simpl and Lazypay are good products but they need to respect their employees as well
Wow, 30% is a lot
Heard that the user research team was let go
Damn!! 30-40%!!! 😳
Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week, https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headc...
Saw open to work status of some folks, wanted to know if there has been any recent layoffs there in tech / product org
Everyone is informed today about 80% tmrw morning. Joined week back. Please refer if possible.
I can vouch for quality of my work. Looking for SDE/SE role. I can share further details.
