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Layoffs
Layoffs
on
DancingPancake
DancingPancake
OPEN Financial

CRED-owned Happay layoffs 35% of its workforce

https://inc42.com/buzz/exclusive-cred-owned-happay-trims-35-workforce/amp/

30mo ago
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GroovyBanana
GroovyBanana
Porter30mo

Is it happay? Or cred has also started laying off?

TwirlyUnicorn
TwirlyUnicorn
CleverTap30mo

Only happay

SillyKoala
SillyKoala
Stealth29mo

Cred basically trying to get profitable by acquiring profitable startups and doing laying offs in those startups and deploying their own workforce there! I may be wrong! Correct me if I am wrong! #Cred #layoffs

PrancingDumpling
PrancingDumpling
Visa30mo

How many people? I don’t think they had 450 people in 1st place

ZoomyBurrito
ZoomyBurrito
Cred30mo

Et says it’s 15% not 35%

SillyKoala
SillyKoala
Stealth29mo

I heard it's 50%

PerkySushi
PerkySushi
Stealth30mo

This is the first sign of trouble imo. Usually orgs do layoffs to reduce headcount overhead from acquired organisations because the back lash and PR isn't as negative. But if it isn't controlled, it more or less spills over to the parent company in this case could be Cred laying off if they don't see their bottom-line improving!

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