Product Designer-3 (Design Systems)

The tide is turning

This is anecdotal but just wanted to highlight my observation that the recruitment is getting harder in general and multiple companies fighting for same good candidates. It's really nice to see green shoots considering how hard 2023 has been. The companies still laying off in 2024 are either doing recruitment in India or small startups that are anyway not going to last this entire year. Majority of the recruitment is being driven by captive centers being setup by startups from Europe and US. Good luck folks. Make sure you ask for higher numbers.

The Morning Vine: Your Daily Shot of News 📰

We are diversifying beyond just tech news today, let's do this! 🙌🏼 𝟏. 𝐌𝐨𝐝𝐢'𝐬 𝐓𝐡𝐢𝐫𝐝-𝐓𝐞𝐫𝐦 𝐂𝐚𝐛𝐢𝐧𝐞𝐭: 𝐈𝐭’𝐬 𝐚 𝐦𝐚𝐫𝐚𝐭𝐡𝐨𝐧, 𝐧𝐨𝐭 𝐚 𝐬𝐩𝐫𝐢𝐧𝐭? In Narendra Modi's third term as Prime Minister, continuity emerges as the defining theme. The cabinet composition reflects a blend of veteran leadership, new heavyweights, and strategic ally appointments. Old guard: Rajnath Singh: Defence; Amit Shah: Home; Nirmala Sitharaman: Finance and Corporate Affairs; Nitin Gadkari: Road, Transport; S Jaishankar: External Affairs; Bhupender Yadav: Environment, Forests, and Climate Change; Ashwini Vaishnaw: Railways, I&B, and IT; Piyush Goyal: Commerce and Industry.  New heavyweights: JP Nadda: Health and Chemicals & Fertilisers; Shivraj Singh Chouhan: Agriculture and Rural Development; Manohar Lal Khattar: Housing, Urban Affairs and Power; CR Patil: Water. Ally power: HD Kumaraswamy: Heavy Industries and Steel; Chirag Paswan: Food Processing; Jitan Ram Manjhi: MSME; Rajiv Ranjan (Lallan) Singh: Panchayati Raj; K Rammohan Naidu: Civil Aviation.  This continuity aligns with Modi's pre-election strategy of tasking ministries with 100-day plans and five-year proposals, as well as reviewing the Viksit Bharat 2047 roadmap – keeping the same leaders at the helm ensures seamless execution and avoids time lost in transitions. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙈𝙤𝙙𝙞'𝙨 𝙩𝙝𝙞𝙧𝙙-𝙩𝙚𝙧𝙢 𝙘𝙖𝙗𝙞𝙣𝙚𝙩 𝙘𝙖𝙣 𝙥𝙤𝙩𝙚𝙣𝙩𝙞𝙖𝙡𝙡𝙮 𝙗𝙚 𝙖 𝙨𝙩𝙪𝙙𝙮 𝙞𝙣 𝙩𝙝𝙚 𝙥𝙤𝙬𝙚𝙧 𝙤𝙛 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙞𝙩𝙮. 𝘽𝙮 𝙠𝙚𝙚𝙥𝙞𝙣𝙜 𝙩𝙝𝙚 𝙤𝙡𝙙 𝙜𝙪𝙖𝙧𝙙 𝙞𝙣 𝙥𝙡𝙖𝙘𝙚 𝙖𝙣𝙙 𝙚𝙡𝙚𝙫𝙖𝙩𝙞𝙣𝙜 𝙖𝙡𝙡𝙞𝙚𝙨 𝙩𝙤 𝙠𝙚𝙮 𝙧𝙤𝙡𝙚𝙨, 𝙈𝙤𝙙𝙞 𝙞𝙨 𝙨𝙞𝙜𝙣𝙖𝙡𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙝𝙞𝙨 𝙫𝙞𝙨𝙞𝙤𝙣 𝙛𝙤𝙧 𝙄𝙣𝙙𝙞𝙖 𝙞𝙨𝙣'𝙩 𝙖 𝙨𝙝𝙤𝙧𝙩-𝙩𝙚𝙧𝙢 𝙨𝙥𝙧𝙞𝙣𝙩, 𝙗𝙪𝙩 𝙖 𝙡𝙤𝙣𝙜-𝙩𝙚𝙧𝙢 𝙘𝙖𝙡𝙘𝙪𝙡𝙖𝙩𝙚𝙙 𝙢𝙤𝙫𝙚 𝙩𝙝𝙖𝙩 𝙥𝙧𝙞𝙤𝙧𝙞𝙩𝙞𝙯𝙚𝙨 𝙨𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙖𝙣𝙙 𝙚𝙭𝙚𝙘𝙪𝙩𝙞𝙤𝙣 𝙤𝙫𝙚𝙧 𝙛𝙡𝙖𝙨𝙝𝙮 𝙣𝙚𝙬 𝙛𝙖𝙘𝙚𝙨. 𝘽𝙪𝙩 𝙖𝙨 𝙄𝙣𝙙𝙞𝙖 𝙣𝙖𝙫𝙞𝙜𝙖𝙩𝙚𝙨 𝙖 𝙘𝙤𝙢𝙥𝙡𝙚𝙭 𝙜𝙚𝙤𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙡𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙚 𝙖𝙣𝙙 𝙛𝙖𝙘𝙚𝙨 𝙥𝙧𝙚𝙨𝙨𝙞𝙣𝙜 𝙙𝙤𝙢𝙚𝙨𝙩𝙞𝙘 𝙘𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚𝙨, 𝙩𝙝𝙚 𝙦𝙪𝙚𝙨𝙩𝙞𝙤𝙣 𝙧𝙚𝙢𝙖𝙞𝙣𝙨: 𝙬𝙞𝙡𝙡 𝙩𝙝𝙞𝙨 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙞𝙩𝙮 𝙗𝙧𝙚𝙚𝙙 𝙘𝙤𝙢𝙥𝙡𝙖𝙘𝙚𝙣𝙘𝙮 𝙤𝙧 𝙘𝙖𝙩𝙖𝙡𝙮𝙯𝙚 𝙩𝙧𝙖𝙣𝙨𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙫𝙚 𝙘𝙝𝙖𝙣𝙜𝙚? 𝙏𝙝𝙚 𝙧𝙚𝙖𝙡 𝙩𝙚𝙨𝙩 𝙤𝙛 𝙩𝙝𝙞𝙨 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙮 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙞𝙣 𝙩𝙝𝙚 𝙧𝙚𝙨𝙪𝙡𝙩𝙨 𝙞𝙩 𝙙𝙚𝙡𝙞𝙫𝙚𝙧𝙨, 𝙣𝙤𝙩 𝙟𝙪𝙨𝙩 𝙩𝙝𝙚 𝙧𝙝𝙚𝙩𝙤𝙧𝙞𝙘 𝙞𝙩 𝙚𝙢𝙥𝙡𝙤𝙮𝙨. 🇮🇳 Source: The Signal (They’re a GREAT newsletter, highly recommend!) - https://tinyurl.com/mcu2hky7 𝟐. 𝐎𝐥𝐚 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐆𝐞𝐭𝐬 𝐒𝐄𝐁𝐈 𝐍𝐨𝐝 𝐅𝐨𝐫 𝐈𝐍𝐑 𝟓,𝟓𝟎𝟎+ 𝐂𝐫 𝐈𝐏𝐎 Ola Electric has received approval from SEBI for its over $700 million IPO. This will be the first IPO by an EV maker in India and the first by any automaker in 20 years. The IPO will comprise a fresh issue of $700 million and an offer for sale of up to 9.51 crore shares by existing investors like SoftBank, Temasek, Matrix and Tiger Global. Key takeaways from Ola Electric’s DRHP Filings: - Ambitious Growth Plans: Ola Electric aims to become India's first pure-play EV maker to go public. It plans to use the ₹5,500 crore IPO proceeds to scale up its Gigafactory, ramp up R&D, and expand its retail and charging network. - Technological Capabilities: Ola is investing heavily in developing new EV products and core components like batteries and motors. It has dedicated 24% of its workforce to R&D across engineering, design, and cell development. - Regulatory Challenges: Ola faces headwinds from dynamic EV subsidy policies, incidents of scooter fires, and legal disputes with customers. Navigating the evolving regulatory landscape is crucial for the company. - Vertical Integration Strategy: Ola is emulating Tesla's model by building an end-to-end EV ecosystem, from manufacturing to distribution. This is supported by government initiatives like PLI schemes. - Financial Performance: Ola has seen rapid sales growth, with Q1 FY24 revenue reaching nearly 50% of the previous fiscal year. However, high employee attrition remains a concern. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙊𝙡𝙖 𝙀𝙡𝙚𝙘𝙩𝙧𝙞𝙘'𝙨 𝙄𝙋𝙊 𝙜𝙧𝙚𝙚𝙣 𝙡𝙞𝙜𝙝𝙩 𝙞𝙨 𝙖 𝙬𝙖𝙩𝙚𝙧𝙨𝙝𝙚𝙙 𝙢𝙤𝙢𝙚𝙣𝙩 𝙛𝙤𝙧 𝙄𝙣𝙙𝙞𝙖'𝙨 𝙀𝙑 𝙡𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙚. 𝘼𝙨 𝙩𝙝𝙚 𝙩𝙤𝙧𝙘𝙝𝙗𝙚𝙖𝙧𝙚𝙧 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙞𝙣𝙙𝙪𝙨𝙩𝙧𝙮'𝙨 𝙥𝙪𝙗𝙡𝙞𝙘 𝙢𝙖𝙧𝙠𝙚𝙩 𝙙𝙚𝙗𝙪𝙩, 𝙊𝙡𝙖 𝙘𝙖𝙧𝙧𝙞𝙚𝙨 𝙩𝙝𝙚 𝙖𝙨𝙥𝙞𝙧𝙖𝙩𝙞𝙤𝙣𝙨 𝙖𝙣𝙙 𝙖𝙥𝙥𝙧𝙚𝙝𝙚𝙣𝙨𝙞𝙤𝙣𝙨 𝙤𝙛 𝙖𝙣 𝙚𝙣𝙩𝙞𝙧𝙚 𝙨𝙚𝙘𝙩𝙤𝙧. 𝙄𝙩𝙨 𝙏𝙚𝙨𝙡𝙖-𝙚𝙨𝙦𝙪𝙚 𝙫𝙚𝙧𝙩𝙞𝙘𝙖𝙡 𝙞𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙞𝙤𝙣 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙮 𝙞𝙨 𝙖 𝙗𝙤𝙡𝙙 𝙜𝙖𝙢𝙗𝙞𝙩 𝙤𝙣 𝙩𝙝𝙚 𝙢𝙚𝙧𝙞𝙩𝙨 𝙤𝙛 𝙘𝙤𝙣𝙩𝙧𝙤𝙡𝙡𝙞𝙣𝙜 𝙩𝙝𝙚 𝙚𝙣𝙩𝙞𝙧𝙚 𝙫𝙖𝙡𝙪𝙚 𝙘𝙝𝙖𝙞𝙣. 𝙃𝙤𝙬𝙚𝙫𝙚𝙧, 𝙖𝙨 𝙞𝙩 𝙣𝙖𝙫𝙞𝙜𝙖𝙩𝙚𝙨 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙨𝙥𝙚𝙚𝙙 𝙗𝙪𝙢𝙥𝙨 𝙖𝙣𝙙 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙥𝙤𝙩𝙝𝙤𝙡𝙚𝙨, 𝙊𝙡𝙖 𝙢𝙪𝙨𝙩 𝙙𝙚𝙢𝙤𝙣𝙨𝙩𝙧𝙖𝙩𝙚 𝙩𝙝𝙖𝙩 𝙞𝙩𝙨 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙞𝙘𝙖𝙡 𝙥𝙧𝙤𝙬𝙚𝙨𝙨 𝙖𝙣𝙙 𝙢𝙖𝙧𝙠𝙚𝙩 𝙡𝙚𝙖𝙙𝙚𝙧𝙨𝙝𝙞𝙥 𝙘𝙖𝙣 𝙮𝙞𝙚𝙡𝙙 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝙜𝙧𝙤𝙬𝙩𝙝. 𝙏𝙝𝙚 𝙧𝙤𝙖𝙙 𝙖𝙝𝙚𝙖𝙙 𝙞𝙨 𝙚𝙡𝙚𝙘𝙩𝙧𝙞𝙛𝙮𝙞𝙣𝙜, 𝙗𝙪𝙩 𝙞𝙩'𝙨 𝙖𝙡𝙨𝙤 𝙥𝙚𝙥𝙥𝙚𝙧𝙚𝙙 𝙬𝙞𝙩𝙝 𝙨𝙝𝙖𝙧𝙥 𝙩𝙪𝙧𝙣𝙨. 🛵 Source: DRHP Filings - check it out at https://tinyurl.com/9e4bp3hb 𝟑. 𝐀𝐩𝐩𝐥𝐞'𝐬 𝐅𝐚𝐬𝐡𝐢𝐨𝐧𝐚𝐛𝐥𝐲 𝐋𝐚𝐭𝐞 𝐀𝐈 𝐄𝐧𝐭𝐫𝐚𝐧𝐜𝐞: 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐈𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧? The “A” in AI stands for Apple - OK then. Apple's annual Worldwide Developers Conference (WWDC) unveiled a new star: Apple Intelligence, a suite of AI-powered features for iPhones, iPads, and Macs. This all-out AI push marks a stark contrast to Apple's previous reluctance to join the AI bandwagon. The Highlights: - ChatGPT integration with Siri and other Apple apps - Writing Tools for tone adjustment in texts, emails, and notes - Mail app's email summarization and importance ranking - Apple Pencil-powered math problem solving in the iPad calculator app Apple assures users that AI will run either locally on devices or on the company's own servers, prioritizing privacy. But the question remains: Is Apple fashionably late or simply lagging behind? As iPhone sales stagnate, Apple has been slower to embrace AI compared to rivals Google and Microsoft. While Apple has a history of being late but great (think iPod), the AI landscape is a different beast. 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝘼𝙥𝙥𝙡𝙚'𝙨 𝙛𝙖𝙨𝙝𝙞𝙤𝙣𝙖𝙗𝙡𝙮 𝙡𝙖𝙩𝙚 𝘼𝙄 𝙙𝙚𝙗𝙪𝙩 𝙛𝙚𝙚𝙡𝙨 𝙢𝙤𝙧𝙚 𝙡𝙞𝙠𝙚 𝙖 𝙢𝙚-𝙩𝙤𝙤 𝙢𝙤𝙫𝙚 𝙩𝙝𝙖𝙣 𝙖 𝙜𝙖𝙢𝙚-𝙘𝙝𝙖𝙣𝙜𝙚𝙧. 𝙒𝙝𝙞𝙡𝙚 𝙎𝙞𝙧𝙞'𝙨 𝘾𝙝𝙖𝙩𝙂𝙋𝙏 𝙢𝙖𝙠𝙚𝙤𝙫𝙚𝙧 𝙖𝙣𝙙 𝙈𝙖𝙞𝙡'𝙨 𝙨𝙢𝙖𝙧𝙩 𝙨𝙤𝙧𝙩𝙞𝙣𝙜 𝙢𝙞𝙜𝙝𝙩 𝙖𝙙𝙙 𝙨𝙤𝙢𝙚 𝙨𝙞𝙯𝙯𝙡𝙚, 𝙩𝙝𝙚𝙮 𝙝𝙖𝙧𝙙𝙡𝙮 𝙨𝙬𝙖𝙮 𝙩𝙝𝙚 𝘼𝙄 𝙨𝙘𝙖𝙡𝙚𝙨 𝙞𝙣 𝘼𝙥𝙥𝙡𝙚'𝙨 𝙛𝙖𝙫𝙤𝙧. 𝘼𝙨 𝙧𝙞𝙫𝙖𝙡𝙨 𝙡𝙞𝙠𝙚 𝙂𝙤𝙤𝙜𝙡𝙚 𝙖𝙣𝙙 𝙈𝙞𝙘𝙧𝙤𝙨𝙤𝙛𝙩 𝙜𝙤 𝙖𝙡𝙡-𝙞𝙣 𝙤𝙣 𝘼𝙄 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚𝙞𝙧 𝙚𝙘𝙤𝙨𝙮𝙨𝙩𝙚𝙢𝙨, 𝘼𝙥𝙥𝙡𝙚'𝙨 𝙥𝙞𝙚𝙘𝙚𝙢𝙚𝙖𝙡 𝙖𝙥𝙥𝙧𝙤𝙖𝙘𝙝 𝙧𝙞𝙨𝙠𝙨 𝙗𝙚𝙞𝙣𝙜 𝙨𝙚𝙚𝙣 𝙖𝙨 𝙖 𝙝𝙖𝙡𝙛-𝙝𝙚𝙖𝙧𝙩𝙚𝙙 𝙝𝙚𝙙𝙜𝙚 𝙧𝙖𝙩𝙝𝙚𝙧 𝙩𝙝𝙖𝙣 𝙖 𝙗𝙤𝙡𝙙 𝙗𝙚𝙩. 𝙎𝙪𝙧𝙚, 𝘼𝙥𝙥𝙡𝙚'𝙨 𝙥𝙧𝙞𝙫𝙖𝙘𝙮-𝙛𝙞𝙧𝙨𝙩 𝙥𝙞𝙩𝙘𝙝 𝙢𝙞𝙜𝙝𝙩 𝙬𝙞𝙣 𝙨𝙤𝙢𝙚 𝙝𝙚𝙖𝙧𝙩𝙨, 𝙗𝙪𝙩 𝙞𝙣 𝙩𝙝𝙚 𝘼𝙄 𝙖𝙧𝙢𝙨 𝙧𝙖𝙘𝙚, 𝙞𝙩 𝙛𝙚𝙚𝙡𝙨 𝙡𝙞𝙠𝙚 𝘼𝙥𝙥𝙡𝙚 𝙞𝙨 𝙗𝙧𝙞𝙣𝙜𝙞𝙣𝙜 𝙖 𝙠𝙣𝙞𝙛𝙚 𝙩𝙤 𝙖 𝙜𝙪𝙣𝙛𝙞𝙜𝙝𝙩. 𝙏𝙤 𝙩𝙧𝙪𝙡𝙮 𝙩𝙝𝙞𝙣𝙠 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙩, 𝘼𝙥𝙥𝙡𝙚 𝙣𝙚𝙚𝙙𝙨 𝙩𝙤 𝙞𝙣𝙣𝙤𝙫𝙖𝙩𝙚, 𝙣𝙤𝙩 𝙟𝙪𝙨𝙩 𝙞𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙚. 🤨 Source: Morning Brew - https://tinyurl.com/56c3t84k 𝟒. 𝐑𝐮𝐬𝐬𝐢𝐚'𝐬 𝐒𝐚𝐧𝐜𝐭𝐢𝐨𝐧𝐬-𝐃𝐞𝐟𝐲𝐢𝐧𝐠 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐀𝐜𝐫𝐨𝐛𝐚𝐭𝐢𝐜𝐬 🎭💰 Russia's vault to the world's 4th largest economy, despite Western sanctions, is a stunning display of economic resilience and adaptability. The secret to Russia's success? A multi-pronged approach that would make Houdini proud. The Tricks: - Oil Discounts: By selling cut-price crude to China and India, Russia's found a sanctions loophole. These countries refine the oil and legally export it to the West, turning Russia's black gold into a sanctions-busting tool. - Military Spending Spree: The Kremlin's pumped up domestic spending, particularly in the military-industrial complex, to fuel the war machine. This strategic splurge has sent Russia's GDP soaring. - Currency Control Circus: By restricting foreign companies from withdrawing funds and hiking interest rates, Russia's central bank has pulled off a monetary balancing act, keeping the ruble steady and inflation in check. While this wartime economic model may not have long-term legs, it highlights Russia's knack for economic acrobatics in the face of adversity. The Kremlin's ability to adapt and innovate has left sanctions-wielding Western powers scratching their heads. (Correction: Russia became fourth largest economy in terms of PPP-based GDP according to the World Bank, missed clarifying this earlier) 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙍𝙪𝙨𝙨𝙞𝙖'𝙨 𝙨𝙖𝙣𝙘𝙩𝙞𝙤𝙣𝙨-𝙨𝙠𝙞𝙧𝙩𝙞𝙣𝙜 𝙧𝙞𝙨𝙚 𝙞𝙨 𝙖 𝙨𝙩𝙪𝙙𝙮 𝙞𝙣 𝙜𝙚𝙤𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙜𝙖𝙢𝙚𝙨𝙢𝙖𝙣𝙨𝙝𝙞𝙥. 𝘽𝙮 𝙩𝙪𝙧𝙣𝙞𝙣𝙜 𝙤𝙞𝙡 𝙙𝙞𝙨𝙘𝙤𝙪𝙣𝙩𝙨 𝙞𝙣𝙩𝙤 𝙗𝙖𝙧𝙜𝙖𝙞𝙣𝙞𝙣𝙜 𝙘𝙝𝙞𝙥𝙨, 𝙢𝙞𝙡𝙞𝙩𝙖𝙧𝙮 𝙨𝙥𝙚𝙣𝙙𝙞𝙣𝙜 𝙞𝙣𝙩𝙤 𝙖 𝙜𝙧𝙤𝙬𝙩𝙝 𝙚𝙣𝙜𝙞𝙣𝙚, 𝙖𝙣𝙙 𝙘𝙪𝙧𝙧𝙚𝙣𝙘𝙮 𝙘𝙤𝙣𝙩𝙧𝙤𝙡𝙨 𝙞𝙣𝙩𝙤 𝙖𝙣 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙛𝙤𝙧𝙘𝙚 𝙛𝙞𝙚𝙡𝙙, 𝙍𝙪𝙨𝙨𝙞𝙖 𝙝𝙖𝙨 𝙧𝙚𝙬𝙧𝙞𝙩𝙩𝙚𝙣 𝙩𝙝𝙚 𝙨𝙖𝙣𝙘𝙩𝙞𝙤𝙣𝙨 𝙥𝙡𝙖𝙮𝙗𝙤𝙤𝙠. 𝙄𝙩'𝙨 𝙖 𝙝𝙞𝙜𝙝-𝙨𝙩𝙖𝙠𝙚𝙨 𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙩𝙝𝙖𝙩'𝙨 𝙛𝙤𝙧𝙘𝙞𝙣𝙜 𝙩𝙝𝙚 𝙒𝙚𝙨𝙩 𝙩𝙤 𝙧𝙚𝙩𝙝𝙞𝙣𝙠 𝙞𝙩𝙨 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙘𝙤𝙚𝙧𝙘𝙞𝙤𝙣 𝙨𝙘𝙧𝙞𝙥𝙩. 𝙄𝙣 𝙩𝙝𝙞𝙨 𝙣𝙚𝙬 𝙬𝙤𝙧𝙡𝙙 𝙤𝙧𝙙𝙚𝙧, 𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙧𝙚𝙨𝙞𝙡𝙞𝙚𝙣𝙘𝙚 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙖𝙗𝙤𝙪𝙩 𝙧𝙚𝙨𝙤𝙪𝙧𝙘𝙚𝙨; 𝙞𝙩'𝙨 𝙖𝙗𝙤𝙪𝙩 𝙧𝙚𝙨𝙤𝙪𝙧𝙘𝙚𝙛𝙪𝙡𝙣𝙚𝙨𝙨. 🎭 Source: Finshots - https://tinyurl.com/3du9jpz9 𝟓. 𝐌𝐚𝐦𝐚𝐞𝐚𝐫𝐭𝐡 𝐏𝐚𝐫𝐞𝐧𝐭 𝐇𝐨𝐧𝐚𝐬𝐚 𝐒𝐡𝐚𝐫𝐞𝐬 𝐒𝐭𝐮𝐦𝐛𝐥𝐞: 𝐃𝐨𝐰𝐧 𝟒% 𝐏𝐨𝐬𝐭 𝐌𝐚𝐣𝐨𝐫 𝐁𝐥𝐨𝐜𝐤 𝐃𝐞𝐚𝐥 Honasa Consumer Ltd., the proud parent of D2C dynamo Mamaearth, felt the market's cold shoulder as its shares plunged nearly 5% following a major block deal. This sell-off comes hot on the heels of Honasa's much-hyped IPO, raising eyebrows and questions. The gainers? Fireside Ventures and Sofina Ventures, who collectively unloaded 66.2 lakh shares (2% equity) in a ₹291 crore transaction. This could be a classic case of profit-booking after the stock's post-IPO surge, or a red flag for Honasa's growth prospects and valuation sustainability. But wait, there's a plot twist! Honasa's revenue from operations jumped 21% to ₹471 crore in FY24's last quarter, and it swung from a ₹161.78 crore loss to a ₹30.4 crore profit. Talk about a glow-up! As Mamaearth navigates the cutthroat D2C jungle, all eyes are on Honasa's ability to keep its revenue engine purring and its valuation pristine. Will this homegrown hero keep its crown, or will it be dethroned by the unrelenting forces of competition and fickle consumer tastes? 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩: 𝙈𝙖𝙢𝙖𝙚𝙖𝙧𝙩𝙝'𝙨 𝙥𝙤𝙨𝙩-𝙄𝙋𝙊 𝙗𝙡𝙪𝙚𝙨 𝙖𝙧𝙚 𝙖 𝙨𝙩𝙖𝙧𝙠 𝙧𝙚𝙢𝙞𝙣𝙙𝙚𝙧 𝙩𝙝𝙖𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙛𝙞𝙘𝙠𝙡𝙚 𝙬𝙤𝙧𝙡𝙙 𝙤𝙛 𝘿2𝘾, 𝙚𝙫𝙚𝙣 𝙩𝙝𝙚 𝙢𝙤𝙨𝙩 𝙥𝙧𝙤𝙢𝙞𝙨𝙞𝙣𝙜 𝙪𝙣𝙞𝙘𝙤𝙧𝙣𝙨 𝙘𝙖𝙣 𝙡𝙤𝙨𝙚 𝙩𝙝𝙚𝙞𝙧 𝙨𝙝𝙞𝙣𝙚. 𝘼𝙨 𝙠𝙚𝙮 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙘𝙖𝙨𝙝 𝙤𝙪𝙩, 𝙃𝙤𝙣𝙖𝙨𝙖'𝙨 𝙘𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚 𝙞𝙨 𝙩𝙤 𝙥𝙧𝙤𝙫𝙚 𝙩𝙝𝙖𝙩 𝙞𝙩𝙨 𝙣𝙖𝙩𝙪𝙧𝙖𝙡 𝙖𝙡𝙡𝙪𝙧𝙚 𝙞𝙨𝙣'𝙩 𝙟𝙪𝙨𝙩 𝙨𝙠𝙞𝙣-𝙙𝙚𝙚𝙥, 𝙗𝙪𝙩 𝙖 𝙨𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝙢𝙤𝙖𝙩 𝙖𝙜𝙖𝙞𝙣𝙨𝙩 𝙩𝙝𝙚 𝙧𝙞𝙨𝙞𝙣𝙜 𝙩𝙞𝙙𝙚 𝙤𝙛 𝙘𝙤𝙢𝙥𝙚𝙩𝙞𝙩𝙞𝙤𝙣. 𝙏𝙝𝙚 𝙧𝙚𝙖𝙡 𝙩𝙚𝙨𝙩 𝙤𝙛 𝙈𝙖𝙢𝙖𝙚𝙖𝙧𝙩𝙝'𝙨 𝙢𝙚𝙩𝙩𝙡𝙚 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙞𝙩𝙨 𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙩𝙤 𝙣𝙪𝙧𝙩𝙪𝙧𝙚 𝙗𝙧𝙖𝙣𝙙 𝙡𝙤𝙮𝙖𝙡𝙩𝙮 𝙖𝙣𝙙 𝙢𝙖𝙞𝙣𝙩𝙖𝙞𝙣 𝙞𝙩𝙨 𝙜𝙧𝙤𝙬𝙩𝙝 𝙩𝙧𝙖𝙟𝙚𝙘𝙩𝙤𝙧𝙮 𝙞𝙣 𝙖 𝙢𝙖𝙧𝙠𝙚𝙩 𝙬𝙝𝙚𝙧𝙚 𝙘𝙤𝙣𝙨𝙪𝙢𝙚𝙧 𝙬𝙝𝙞𝙢𝙨 𝙘𝙝𝙖𝙣𝙜𝙚 𝙛𝙖𝙨𝙩𝙚𝙧 𝙩𝙝𝙖𝙣 𝙖 𝙗𝙖𝙗𝙮'𝙨 𝙙𝙞𝙖𝙥𝙚𝙧. 👶 Source: News18 - https://tinyurl.com/24kkn6ew --- Lots happening in the tech, business, and socio/geo-political spheres! Disagree with the perspective in 🍇 𝙛𝙤𝙧 𝙏𝙝𝙤𝙪𝙜𝙝𝙩? Let's debate ⬇️

Is PM salary due for a correction?

For most part of last decade, product managers commanded a healthy premium in compensation over their business counterparts. This is largely how tech companies globally have operated, and what we have mirrored. But as the Indian tech ecosystem has matured over the last few years, a couple of the underlying assumptions have changed: One, ten years back, there was an explosion of startups and they were all in the market for "experienced product managers", and in a still nascent tech industry, such talent was in scarcity - thus triggering a premium positioning. Now, arguably, the equation has reversed: there are far more people entering the trade / in the profession with <5 years experience, than there are open roles in the market. And more critically, the growth rate of "product positions" has stagnated: particularly since product is a high-leverage function and does not scale linearly with company growth (but instead only with growth in # of companies). Two, most Indian startups / tech companies are not product-led unlike Silicon Valley ventures. Instead, a vast majority are operating businesses. These companies tend to have dedicated business teams who take up primary ownership of the business goals and thus, call the shots. In such setups, product managers play second fiddle as a bridge function to tech. Worse, product managers who scaled in such environments, they end up playing that part too: too focused on tech / design execution with not as much depth on the business understanding. In post-covid boom, we got the tailwind of being an engineering-adjacency in a techno-optimistic market. Now the same tides have turned and as a "generalist tech function", we are under scrutiny for wage-bill pressure. Do you foresee a correction in PM salaries? How soon (1y / 3y / 5y), and to what extent (10% / 20% / 30%) will the market correct itself?