Hey Viners, do you think Startups should provide the details of their financial health to new employees so as for employees to know where they stand ???
Many startups, no financial transparency, founders who say we have enough runway, all bs and in the end laying off people, reducing benefits. Doing secondaries for founders and making big money and running away
I think they should, if they don't have anything to hide đ
Problem is that larger the company grows to be, more the skeletons that get hidden in closets.
Most importantly, such numbers might lead people to estimate salaries and that could be controversial especially for senior folks who might not actually be able to justify it.
Can we have a Grapevine feature for crowdsourcing this somehow?
People joining senior roles, CXO or BOD get that access, but only after the pay is agreed. Thats only do with legal reasons. For lower level employees we should be happy that startups allow coffee breaks or provide water supply in toilets.
Should they? Yes. Would they ever in a million? No.
It is too much sensitive information, sometimes even investors are not made privy to it
Yes, they should
Absolutely sad to see the state of the startups, most of them. I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates. Look at all these companies that have raised s...
Investors should get some blame as well
Our company spent 1 cr on a marketing agency zero results to show pathetic
It was a pretty tense situation at the office.
Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go t...
Oh damn That is unfortunate Sorry if youâre affected
What are generally the metrics used during layoffs ?
Is it division by division or each employee is vetted for his performance and contributions ?
Do high salaried folks generally targeted even if they have good performance and history...
Story... Shah Jahan Chopped hands of tajmahal labours. He didn't judge as per performance or laziness. ...
What an absolute shit show https://www.moneycontrol.com/news/technology/fraud-threats-sexual-harassment-zilingos-ankiti-bose-files-fir-against-co-founder-ex-coo-12706929.html
Zilingo is already defunct. A once billion dollar startup that is now literally 0. One of the major startup scams. I...
Zilingo is desi Theranos