Hi all, I am currently working at Yubi and wanted to apprise you of some developments here. In the last few months, a lot of changes have happened here and anyone joining Yubi or planning to join should be aware of these. 1) 125+ people have been silently laid off. Teams have been dissolved overnight and accesses revoked. There is no severance. Just the 2 months of notice period pay which you need to pay back if you join another company before 60 days. 2) All perks have been cut down. Even vending machines where one could pay and buy stuff has been removed so that people spend less time on non working activities. 3) CTO , chief strategy officer , finance head , 1 CBO , several VPs, Directors, EMs have resigned across engineering, product and business teams. They have put a product person as the head of engineering. People even at junior level have been asked to take a pay cut or leave. 4) Sharp crackdown on wfh. Entry and exit timings are being monitored and attendance has to be regularised on Zoho on a daily basis.Company has even fired people who were on paternity leave and another person who had taken WFH due to arm injury. 5) Due to so many people leaving, others have been overloaded with work and working on each weekend has become a sad reality. There is no appreciation for hard work here. Working on weekends is expected and normal behaviour. 6) Lack of trust between teams and people trying to backstab others in order to prevent being laid off. 7) Interns were hired for 8 months internship and were told that they will get a confirmed offer. But no offers have been given yet. 8) lots of people are just leaving due to the negative atmosphere being created. Senior mgmt are just waiting for a liquidity event to cash in and leave. 9) HRs are very unethical. There was an incident where a person was abused by the manager and when raised a complaint with the HR, they sided with the manager and asked the person to resign immediately. They are also asking new joiners to put positive reviews on Glassdoor and continuously following up on whether it is done or not. 10) Revenue targets are not being met in any quarter since existence and therefore the focus has been on cost cutting instead of improving the Topline. A few products have been closed and others are being merged together with headcount reduction for respective teams planned in coming weeks. In case you are interviewing here or planning to, kindly use this company only for interview practice. This is not a place to build a career. They are giving esops at the current market price so there is no gain and CEO has himself said in townhall that we are overpriced. With yubi constantly failing to achieve revenue targets, a price correction is inevitable. Even the companies who had invested in Yubi earlier like Vivriti capital have sold their shares in a secondary sale to prevent exposure to yubi.#severance #layoff #infosys #google ##startup #equity #facebook