ZestyPenguin

Meesho layoffs

In brief- Very ambiguously choosen. Multiple reasons at play so far it looks - primarily cost, other one is trying to flatten the hierarchy quite implicit, cutting roles of pure people management & no ground impact at all, etc AMA

30mo ago

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GoofyCupcake

InMobi30mo

How’s the business doing? What’s the runway like?

ZestyPenguin

Stealth30mo

business seems fine as usual, mostly this is cost side measures, topline remains robust/no hit seen there so far

MagicalHamster

Stealth30mo

I’ve heard usually positive things about Meesho’s scale and unit economics.
Does this tie in with what you have seen? Is the business robust?

ZestyPenguin

Stealth30mo

I guess mostly this is related to reaching Ebitda + asap since cuts showing max impact on costs, they totally overlooked the performance/impact the employee is having on projects