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Layoffs
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SnoozyDumpling
SnoozyDumpling
Stealth

Whoa!!! Meesho also joins the lay-off season

Meesho will be firing 251 employees this week. I have many batchmates in this org and have heard nothing but good about this company.

Sad to see this economy claiming another victim in the form of Meesho.

25mo ago
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TwirlyUnicorn
TwirlyUnicorn
CleverTap25mo

Bro i ha e a lot of batch mates in meesho we probably might be from the same college, but everyone cribs about this company

SnoozyDumpling
SnoozyDumpling
Stealth25mo

Oh ..didn't know

MagicalHamster
MagicalHamster
Stealth25mo

What do they crib about? Culture or core business?

WobblyBanana
WobblyBanana
Stealth25mo

251 - like is it some shagun? 😂

WobblyNoodle
WobblyNoodle
InMobi25mo

I've not heard good things about Meesho. Surprising to see that they are so late in doing layoffs.

MagicalDumpling
MagicalDumpling
Myntra25mo

They already did one round of layoffs in Jan, under the pretext of performance. Around 50-60 people were asked to leave

WobblyNoodle
WobblyNoodle
InMobi25mo

Aah that makes sense now. Looks like they realized that they need more trimming even after first round of layoffs.

FluffyNugget
FluffyNugget
Plivo25mo

Eh India’s economy is much better off than US. Yet layoffs will still happen. New reason of AI to do this is already ready

TwirlyUnicorn
TwirlyUnicorn
CleverTap25mo

Meesho has clearly said it's because of over hiring, it has nothing to do with AI as already known by the people as well as claimed by meesho

FluffyNugget
FluffyNugget
Plivo25mo

This excuse is not old yet. Once it does and they still want to layoff then they will cite AI

ZestyNarwhal
ZestyNarwhal
Meesho25mo

Two sides of a coin

TwirlyUnicorn
TwirlyUnicorn
CleverTap25mo

@ThanosIsRight you survived? But at what cost

SleepyHamster
SleepyHamster
Stealth25mo

Meesho was sitting on -10% EBIT, at CM they would be (-1-3%) - they are losing money

GigglyNarwhal
GigglyNarwhal
Stealth25mo

What's the GMV?

SnoozyDumpling
SnoozyDumpling
Stealth25mo

Unit economics hardly makes sense for any startup. Can't help but feel that companies are using the current economic downturn to get away with as much as they can.

DerpyPenguin
DerpyPenguin
Freelancer25mo

They did the layoffs few months back, no?

So this means they do lay offs every quarter or half year?

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