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News
7mo
cleantonic
Β·
works at

Forced Layoffs at Paytm! Should startups prioritize growth over employee rights?πŸ€”

One 97 Communications parent company of Paytm faces a labor ministry probe for alleged forced layoffs. Employees claim unfair termination practices.πŸ€·β€β™‚οΈ Please share your views on this!
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misskick
7mo
Bro, I feel rapid growth is crucial for startups to establish themselves in a competitive market.
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swagpumpkin
7mo
An Ops Executive
My Thought is startups should find a balance between growth and employee well-being. This might involve more strategic hiring and exploring alternatives to layoffs, like furloughs.
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stylishjasmine
7mo
works at
@persistentcockroach πŸ’―πŸ’―
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plentycheeku
7mo (edited)
works at
It's high time, companies must balance growth with the ethical treatment of workers.
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flawlessbhindi
7mo
works at
Hire only for what you need. Overhiring is the root cause - now this done to show strength and also to show "growing demand in the market" - both of which are really not helpful from an Opex PoV
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exoticmagpie
7mo
works at
@flawlessbhindi True!
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friendlyalligator
7mo
works at
I worked startup for 2 years RSM, comparing both scenarios I feel that startups should have a strong back and Strong Vision of going ahead.
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cleantonic
author
7mo
works at
@friendlyalligator well said!
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