Building a founding team instead of looking for a co-founder while setting up business drives ownership amongst the early employees and amplifies their willingness to ..
This comes at a time when fintechs have adopted a wait-and-watch approach towards new entrants, as they believe that JFS opens new doors for them, even as competition is likely to intensify.
Putting more people on performance improvement plans, setting unrealistic targets to be met in a short period, freezing hikes and variable pay as well as creating pressure in the form of extended office hours and compulsory work from office are some of the measures that companies are adopting to ease people out.
This comes at a time when the Indian startup ecosystem has been mired in a spate of financial mismanagement, flurry of layoffs and reports of non-compliance with regulations.
A large number of top executives have moved from unicorns to Series A and B firms or even down the chain in recent months – a move that reflects fund flows in the startup space.