In a narrative that might as soon as once more spotlight the “progress in any respect prices” VC mindset, in addition to lacklustre monitoring of investee numbers, GoMechanic, the Sequoia-India backed auto companies startup, is shedding 70% of its workforce. This comes after extreme monetary fraud inside the firm got here to mild, predominantly by … [Read more…]
Within the newest occasion of staff discovering themselves out of a job on account of cost-cutting, Google-backed ShareChat’s dad or mum firm Mohalla Tech has fired 20% of its workforce, as per an inner firm be aware circulated by CEO Ankush Sachdeva. Whereas the corporate kept away from formally confirming the precise variety of laid-off … [Read more…]
Whether or not or not it’s 2022 or 2023, some issues simply don’t appear to alter. And sadly for employers and staff alike, layoffs appear to be a kind of issues. Friday the thirteenth marked yet one more occasion of staff being laid off at an enterprise – this time, it’s ridesharing main Ola, in … [Read more…]