News Discussion17mo
by JumpyRaccoonFrontend Engineer
Why is this common now? Big hire after mass layoffs
Have been seeing this as of recent, is it change in direction - new leadership to drive that
Layoffs
on
PerkyNoodle
Swiggy possible layoffs
This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there?
What exactly is the thought process behind this mass layoff before IPO?
15mo ago
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ZestyQuokka
Hinge15mo
Even with Swiggy news, there's Zomato
Their paid SEO game is crazy
SquishyQuokka
Gojek15mo
Swiggy is the dark horse that is better than Zomato. Zomato is a sh** company running on InfoEdge fumes.
CosmicBoba
Yahoo15mo
The whole point of IPO is to get filthy valuations. So to get it there are two ways :
- Become extremely high revenue and profit making business machine , which is not possible if you’re not like of Nvidia 🙂
- Cut cost 💲, every saving is worth equal earnings.
So company tend to do major cost cut before IPO to improve balance sheet on paper to get valuations (honestly what they don’t deserve)
During IPO every team is vulnerable if they aren’t directly contributing towards revenue generation.
GoofyDonut
Stealth15mo
In short, it makes line go up!
Companies after a certain stage only care about the elite "stake holders", CEO's role literally becomes maximise returns for these ~~leeches~~ holders. ~~Firing~~ Cutting costs increases the said returns, hence it's a popular strategy pre-IPO
CosmicDumpling
Stealth15mo
Investors dont care about people. They care about profits
WigglyPretzel
HSBC15mo
Zwigato
SwirlyLlama
Goldman Sachs15mo
Layoffs decreases the cost of the company which in turn fuels profitability, and investors use a popular term 'eps' to value the company. Beacause of layoffs their net ebitda increases which increases the eps and investors blindly value the company based on the basis of that without actually knowing what in reality they are doing and why would they be interested they just want their share proces to go up and nothing else...
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Layoff Parameters
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...
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Business Roles17mo
by SillyDonutTCS
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