A fintech startup company called Fam in Bengaluru recently let go of 18 of its workers. Even though firing employees is no news to the Internet, especially after the brutal layoffs that recently shook the IT world, this company is going viral for doing so.
Jump To
Bengaluru Startup Helps Fired Employees Find Jobs
Pexel
One of the founders of Fam, Sambhav Jain, recently took to Twitter to share a new update on what was going on behind the scenes in his company. In his now-viral tweet, Jain gave the reasons behind his decision to fire 18 of his employees. He explained that they are changing how they do things, moving from fast growth to being more sustainable.
He also mentioned how tough it is to say goodbye to team members who matter a lot to him, especially in a company like Fam that cares a lot about its people and puts them first. He wrote, “We wouldn’t have been able to provide these people with a role in the company that could justify their personal growth, could fuel the fire to their passion, and most importantly joy at work.”
With that said, Jain reiterated that the startup has great compassion for these employees and believes in their abilities. To close his update, Jain added that anyone looking for employees in “EPD and Growth functions” can contact him for further information on these employees.
The Start-Up Founder Got Slammed Online
While most would think that the startup owner was being generous in his speech by offering his employees help getting hired elsewhere, Twitter had other ideas. Many mentioned how it was wrong of the founder to call his organisation “people-first” when the first action they take towards a sustainable plan is to fire the employees.
Others demanded he outline any other measures the company took to fill the gaps before opting to fire the employees. Among the many who came to stand up against Jain, some offered him sympathy and understanding.
For more trending stories, follow us on Telegram.