Bengaluru Startup Fires 18 Employees, Co-Founders Offer Them Help To Find New Jobs

Sambhav Jain the co-founder of the fintech app Fam requested recruiters to contact them on DM to hire the fired staff.

Bengaluru company offers to help employees it laid off to find new job

The silicon valley of India, Bengaluru is once again in the news. And this time it is not about the city's infamous traffic woes or about accommodation issues faced by renters but about a company that fired 18 of its employees, stating a shift in focus from hyper-growth to sustainability.

However, Sambhav Jain the co-founder of the fintech app Fam expressed willingness to assist the affected employees in finding new job. In fact he requested recruiters to contact them on DM to hire the fired staff.

Acknowledging the difficulty of letting people go, Jain in a Tweet wrote, "One of the most difficult things to do as a founder is to let people go. Today was a tough day as we had to let go 18 members of the Fam across functions. Parting ways is never easy, especially for a people-first organisation like ours, where everyone is emotionally connected."

One of the most difficult things to do as a founder is to let people go. Today was a tough day as we had to let go 18 members of the Fam across functions. Parting ways is never easy, especially for a people-first organisation like ours, where everyone is emotionally connected.

— Sambhav Jain (@_SambhavJain_) August 2, 2023

Jain also empathized with the laid-off employees and expressed confidence in their abilities to achieve great heights elsewhere.

"We have all the compassion for them and are confident that these people will build amazing things wherever they go, and wish everyone the best in life," Jain wrote further.

Apart from all the things we’ve done and accomplished as a company, the thing that I and @iamkushtaneja are most proud of is the super passionate team that we have built over the years.

— Sambhav Jain (@_SambhavJain_) August 2, 2023

He concluded the thread by stating that he’ll be glad to share relevant profiles for those on the lookout for people in EPD and Growth functions.

Another co-founder Kush Taneja also expressed sadness and wrote, "Today was an extremely sad day for us as 18 of our FamStars had to leave. We are forever grateful for their contributions in building the Fam! Please DM if you are looking for super passionate and extraordinary folks for your team."

Today was an extremely sad day for us as 18 of our FamStars had to leave 😔
We are forever grateful to their contributions in building the Fam!

Please DM if you are looking for super passionate and extraordinary folks for your team https://t.co/fmQTH90xP8

— Kush (@iamkushtaneja) August 2, 2023