JumpyUnicorn
JumpyUnicorn

Layoffs in Velocity ?

Heard 20% of workforce is laid off in velocity this week.

21mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SquishyPanda
SquishyPanda

They have been targeting employees to leave by pushing them by asking them to come to office even when sick or to please the CEO. Already 30-40 core people have left and now fired the rest.

JumpyUnicorn
JumpyUnicorn
Loco21mo

You’re saying this for - Velocity, which gives loan for D2C brands right ? In HSR, Bangalore..

SquishyPanda
SquishyPanda

Yes

GoofyPretzel
GoofyPretzel
G2.com21mo

This company culture is worst. There were total approx 150 employee. Due to bad culture 30 people already put papers. And now this 20%. Founders always says they have 4 years of runway.

JazzyJellybean
JazzyJellybean

Not 4. 2

GoofyPretzel
GoofyPretzel
G2.com21mo

When I was there it was 4 years. They updated it later.

JumpyNarwhal
JumpyNarwhal
Swiggy21mo

Anyone from product team that was laid off?

GoofyPretzel
GoofyPretzel
G2.com20mo

Yes, few are already resigned due to bad culture. Director of product is also laid off.

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