SaaS Startup Exotel Fires Around 142 Employees
The startups did not pay any severance packages to the impacted employees. The company claims that it handed the pink slips to the employees after reviewing their performance
According to media reports, the Bengaluru-based SaaS startup Exotel laid off 15 per cent of its workforce after revising its PIP policy.
Further, the startups did not pay any severance packages to the impacted employees. The company claims that it handed the pink slips to the employees after reviewing their performance. In an internal note, the Exotel CEO said that the company is planning to raise a pre-IPO round this year to fuel its growth for the next few quarters.
