Rebel Foods Layoff
Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. And this cycle will repeat in 6 month as stated in their mail.
Founder (Jaydeep) has taken a backseat and given a ‘mentor’ role.
3 cofounders are leaving (or forced to leave, if you believe the whispers ! ).
Multiple silent layoffs.
Massive attrition - multiple resignations every week.
Company is struggling and it is a graveyard for the career of people in its current state.
Why? Funding or growth trajectory?
Secondary funding happened a year ago. But there is no growth, no strategy.
Once again in the name of talent density, there is a 10% layoff from the company and further 10% are going to PIP. And this cycle will repeat in 6 month as stated in their mail.
Zombie startups - Startups that have messed it up already. They are alive but just biting their time. Doom is inevitable for these startups in a few months
I will name a few
Sharechat Khatabook Apna Zepto Dealshare Frontrow Udaan
Plea...
Glance. No one wants that shit on their phone, only leadership circle jerks calling it lock screen revolution. Lea...
Dukaan probably. I drive past their Their office in HSR daily , and it looks extremely deserted.
Rebel foods Pvt Ltd (formerly faasos), which became unicorn has done layoffs in tech and product. ( We have no idea about kitchen staff layoffs) The number of people let go forms a considerable % of the total strength
Beware of joining...
Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.