SwirlyNugget
SwirlyNugget

Firing at Moglix

15% or close to 200 folks being fired. Reason- revenue per employee to be increased. Revenue not going up so firing employees. Mainly lower level.

31mo ago
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QuirkyBoba
QuirkyBoba
Porter31mo

That’s sad

JazzyPretzel
JazzyPretzel

Damn, this is terrible news. Feels like the market is sinking further.

ZippyTaco
ZippyTaco

Recently laid off by Moglix....

QuirkyPancake
QuirkyPancake
TCS31mo

Damn I was trying to find articles. I guess they’ll do it in few weeks. All articles I could find was that they are trying to raise a round

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Why would a demoralised employee work? Better to have none than have some.

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You can upset 10 employees by letting them go or upset 100 by pay cuts.