Rapido layoffs
Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?
Layoffs
on
SqueakyPickle
Rapido indirectly doing layoffs
In this IT recession, where Rapido and many other organization hired IT employee at 5x-10x salary and now they are not able to pay because they are not growing. Due to which other teams like Marketing, Operations, Sales, Finance all are suffering because :
- Company made policies that appraisal will be on variable based and only be given when company achieves EBITA +ve, if not no employees will get appraisal which is really frustrating.
- Outside, because of IT recession, no other companies are hiring for any field and due to this reason Rapido taking the advantage of employees of giving extra load of work with minimal employees , no salary increment because targets are high to achieve EBITA +ve. So, employees have no options left to do anything.
What and how to get rid of this situation and how to get better opportunity via referral?
Any better suggestions?
27mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑+322 new users this month
SillyDonut
TCS27mo
Toh ye bhosdka Rapido...itna ad kha se kar rha..ipl me...bike wali taxi sab se saaxxi
Discover more
Curated from across
Layoffs19mo
by DancingPancakeChannel Sales
Layoffs at Sharechat.
Layoffs are happening at Sharechat starting today. Each division is being asked to join a call and they are being announced. First call with product org - around 50 folks were impacted
Top comments
They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this...
50 only in tech and product. Apparently the plan is to let go of 15% to 20% workforce!
Why the fuck is it even valued at >1B dollars?
What was the first sign of layoff?
What was the first sign that your company might be doing layoffs? Was it a random meeting addressed by CEO or some other shit?
by CosmicJellybeanLabCorp
Silent layoffs happenings across organizations
I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead
Top comments
Thank you for sharing this. Was not knowing about silent layoffs happening. But one interesting thing I hav...
Name the organizations, it will be helpful
Don't you think that somebody did the layoffs at their company that's why now everybody thinks they need to do layoff...