Retail baron Kishore Biyani, head of the Future group, has been watching recent developments in the Indian hyperlocal sector with interest. He’s watched grocery delivery startups raise tremendous amounts of money and offer incredible discounts. He’s seen these companies attain some jaw-dropping valuations. But he isn’t impressed.
With startups like Localbanya, TinyOwl, Zomato, Helpchat letting go off employees, employees across the startup sector, where people were rushing towards until recently, are spooked. Indian startups require thousands of engineers and skilled workers, and now compete with large MNCs for talent, hence there is a huge demand and supply gap, which leads to salary hikes.
Leaving a workplace could both be an exciting or a sad situation, depending on the circumstances, whether asked to leave or moving on of your own accord. However no matter what the reason, doing a few things in your last few days in the company, will help ensure a smooth transition, save you a rushed last day, and help further in your career and personal relationships.
After announcing 600 layoffs in September, the realty listing startup has decided to let go another 200 employees, totalling 800 or almost 50% of its 1950 strong workforce.
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.
In another bad news coming in from the food tech startup world, TinyOwl is set to lay off another 100 employees
Indian personal assistant startup Helpchat has fired 150 employees without notice or reason. Murmurs of funding issues emerge.
Disney isn’t the happiest place in the world at the moment. 250 of its workers have been laid off, and HCL employees with H1-B visas have taken their place. The Disney workers have had to perform the unenviable task of training their replacements.