Getting fired is never pleasant, but it doesn’t have to come as a surprise. If your neck is truly on the line, you’ll have plenty of hints that you might be on the chopping block. Here are some signs that you’re about to get fired.
Rahul Yadav, the erstwhile CEO of Housing.com, has come out in support of the beleaguered TinyOwl cofounders. The cofounding team of TinyOwl has been under fire over its recent layoffs, and one cofounder was held hostage in its Pune office for over 2 days by irate employees. However, Rahul Yadav, who’s no stranger to controversy himself, had words of encouragement for the TinyOwl team.
The times, they are a-changing. Indian companies, which are infamous for their stodgy and bureaucratic ways, are slowly embracing new-age corporate ideas. And leading the way is Reliance, which has made a quiet but significant transformation to its corporate culture.
Sanjiv Bikhchandani, Chairman of Info Edge which owns 47% of Zomato, has justified Zomato’s layoffs saying that the funding environment for startups is changing.
The food tech crisis is getting messier. After TinyOwl’s second round of layoffs in as many months in which the company let go of a hundred employees and shut down several city offices, the company sent its senior to deliver the news in a “human” way. When cofounder Gaurav Choudhary reached the Pune office, he realized he’d got more than what he bargained for – he couldn’t get out.
Paytm has announced that it will be splitting its original business wallet into a separate app. The current Paytm app will soon lose its wallet functionality and become a standalone shopping app, competing with the likes of Flipkart, Amazon and Snapdeal. This move reinforces Paytm’s ambitions to become a large part of India’s ecommerce space.
Think cool offices in Hyderabad, and it’s often hard to think beyond Google. But tucked away on the 13th and 14th floors of Raheja Mindspace Park is the modern, stylish office of Pegasystems.
Zomato’s deal with hyper-local delivery company Pickingo appears to be in trouble. Two months ago, the company had announced an investment in Gurgaon-based Pickingo, which would’ve seen Zomato own a 10% stake in Pickingo. But the plans appears to be on hold after recent developments, reported Economic Times.
Indian companies are slowly making a dent on the world stage. Tata Motors has roped in international soccer superstar Lionel Messi as its brand ambassador. This will be the first Indian brand promoted by Messi, who’s among the highest paid athletes in the world.