This 14-Month Old Ecommerce Startup Fires 60% Employees; 160 Employees Asked To Leave, Suddenly
This 14-Month Old Ecommerce Startup Fires 60% Employees; 160 Employees Asked To Leave, Suddenly While shedding about 60 percent of its entire workforce, Indiabulls’ e-commerce platform, Yaari has laid off around 150 employees, over the last 30 days. Why Would This Happen?
It seems the online platform is readying itself to merge with Dhani Services which is another Indiabulls’ company, according to sources .
Further adding that “The management took an overnight decision to shut down business operations of Yaari and shifted us to Dhani division,”.
The employee said, “A few days later I got my termination letter,”.
Three other employees of the company also confirmed the development.
So far, Yaari has not released any statement in this regard. How Did This Happen?
“In the month of April, they started giving us individual calls on WhatsApp saying that there are some critical issues going on in the company and asked us to put in our papers,” said a former employee on the condition of anonymity.
It appears that the company did not send them any official email fearing they may use it against the firm, said employees.“When I denied their request, they suddenly asked me to shift to another city in a matter of two-three days. When I asked them to extend the period since I was not well and needed some more time to shift, they reported that I was not up to the task anymore and put me on a performance improvement programme (PIP) for seven days,” said another ex-employee.According to him, seven days is too short for a PIP, claiming that companies put non-performing employees on such programmes generally for about 30 days and above.Further adding, “May 12 was decided by the company as the review day to check if there is any improvement in my performance, and out […]
Click here to view original web page at trak.in
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.