look news india
Layoffs: Chennai-based SaaS company Kissflow has recently done a big layoff. This company does the business of providing software as a service to other companies. This company has fired about 15 percent of its employees. According to reports, about 40-50 employees may be affected by this. However, the company has not made any official information public in this regard.
The employees who have been fired are from the sales, marketing and product development team, who have lost their jobs after the closure of some products and annual performance review. It is being told that 20-25 people have become unemployed because the company's focus has shifted from land motion procurement to expand motion. At the same time, about 20 people have lost their jobs due to annual performance review, which takes place in the company once every 2-3 years.
Once he gifted a BMW car to his employees
This is the same company that had gifted BMW 5 Series cars to 5 senior officers of the company about two years ago for their excellent work. These cars were given to the employees for staying associated with the company for a long time and for getting good business for the company. Let us tell you that the price of this car is more than Rs 1 crore.
The company had 400 employees
There were about 400 employees on the company's payroll. That means now their number will be around 350. Most of the people who have been fired by the company are from India, America and UAE. According to the company's website, it has more than 10 thousand customers in 160 countries. This company, which started in the year 2012, has offices in Chennai, America and Dubai. The founder and CEO of the company is Suresh Sambandam.
What will the laid-off employees get?
It is being said that 90 percent of the people fired from this company have received offers from other companies. At the same time, the company is giving severance to every employee whose job has been affected.
