Healthtech startup Practo has sacked nearly 41 employees due to Performance Issues.
“As always, we are and will remain fully committed to providing the requisite support to all employees who may be impacted,” said Practo, in a statement.
The company has terminated the employees based on the performance management and planning process. However, the company is also planning to hire 500 employees including backfill. The company is planning to hire employees in the next 12 months. However, The company’s revenue, margins, and profits are at an all-time high.
So far in 2023, there have been 760 layoffs at tech companies with 223,075 people impacted (2,276 people per day). In 2022, there were 1,557 layoffs at tech companies 243,318 people were impacted (an average of 667 people per day).
Tips for entering startups during layoffs
Additionally on the other end while joining any startup company any employee should keep the following protectives in mind before joining the organization:
- The employee before joining any company should check the details of the company.
- The company benefits should be checked on the ambition box.
- The culture should be checked by visiting the company’s LinkedIn Page or Twitter Handle.
- The employee should not hesitate to ask questions during the interview.
The employees should keep the following protectives in mind post joining the organization
- The employees while joining the startups should be open to changes in roles and responsibilities due to uncertainty at the start-up organizations.
- Additionally, the employee should always focus on learning within the company. As it will help in growth within or beyond the organization.
- The employee should be social enough with colleagues and managers. Additionally, he/she communicates with people in different departments. This will mark presence in the company and help in the identification.
