Ashneer Grover amid mass layoffs: ‘I’ve by no means needed to hearth folks as a result of…’

Ashneer Grover, BharatPe co-founder and a former Shark Tank India choose, spoke out in regards to the mass layoffs in tech firms and mentioned he by no means needed to hearth workers resulting from unhealthy markets.

In his newest LinkedIn put up, Grover mentioned he has at all times employed “considerately”. “It’s sad to hear about firings every day. I am thankful that I’ve never had to fire people because of bad markets- because I’ve always hired considerately. As a founder, you’ve to think about the long game,” Grover wrote.

The BharatPe co-founder added {that a} wage discount of 25 per cent to 40 per cent could possibly be thought of by firms as a substitute of mass layoffs. “I had posted about 25-40 per cent salary reduction a while back as an alternative to mass firings. I just don’t get why founders won’t go down that path. Everything gets repriced- energy, capital, technology. Why not people?” he added.

Grover additionally mentioned he has put a most cap of fifty folks on hiring in his upcoming startup referred to as – The Third Unicorn. “Glad I’ve put on myself a max cap of 50 people in The Third Unicorn. People joining me will have to worry only about building and growth- I’ve got my team’s back,” Grover wrote.

Grover’s remark comes after large tech firms corresponding to Amazon, Microsoft and Google introduced tens of hundreds of job cuts this month because the financial increase that the trade rode through the Covid-19 pandemic waned.

On Monday, Music streaming service Spotify was the newest firm to chop 6 per cent of its international workforce, or about 600 jobs.