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Layoffs
Layoffs
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SnoozyDumpling
SnoozyDumpling
34mo
by
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.

34mo ago
TwirlyUnicorn
TwirlyUnicorn
CleverTap
34mo

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
Stealth
34mo

Oh ..didn't know

MagicalHamster
MagicalHamster
Stealth
34mo

What do they crib about? Culture or core business?

WobblyBanana
WobblyBanana
Stealth
34mo

251 - like is it some shagun? 😂

WobblyNoodle
WobblyNoodle
InMobi
34mo

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

MagicalDumpling
MagicalDumpling
Myntra
34mo

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

WobblyNoodle
WobblyNoodle
InMobi
34mo

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

FluffyNugget
FluffyNugget
Plivo
34mo

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
CleverTap
34mo

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
Plivo
34mo

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

ZestyNarwhal
ZestyNarwhal
Meesho
34mo

Two sides of a coin

TwirlyUnicorn
TwirlyUnicorn
CleverTap
34mo

@ThanosIsRight you survived? But at what cost

SleepyHamster
SleepyHamster
Stealth
34mo

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

GigglyNarwhal
GigglyNarwhal
Stealth
34mo

What's the GMV?

SnoozyDumpling
SnoozyDumpling
Stealth
34mo

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
Freelancer
34mo

They did the layoffs few months back, no?

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

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