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26

My question - Should I expect the management to be completely honest about the burn rate and runway length? You should expect management to be exactly the same way they have been so far. If they have been completely honest and open about the burn rate so far, if they were completely honest and open about the upcoming redundancies, then you should expect ...


22

It's pretty normal to keep the hard and fast details of burn rate and runway from employees, especially if you're trying to turn it around and secure more funding. View yourself in the shoes of the startup founder. They've hit a tight spot maybe and need everything to go right to proceed. To have a viable pathway towards more funding and eventual success, ...


9

Companies with competent management typically don't do much laying-off of their workforce. Companies that don't have competent management typically aren't good at identifying their valuable employees. If a company is laying people off, and they don't know who the valuable employees are, there's not really any good way of knowing whether you'll be cut or not. ...


1

It's a stupid strategy. There are always employees who are confident they will find a job elsewhere, and others who feel it's better to cling to the job they have. The company apparently tries to get rid of the first group. Reality is that these are most likely the people that you want to keep. It's also very low as far as company behaviour goes. I'm ...


1

I don't know if the procedure you described is legal. But if for some reason you think that these approaches are fake and only made to identify employees that consider to leave, then you should politely answer that you are not interested. Also you should start looking for a new job, since your current employer doesn't seem to play fair; however, this is ...


1

Has the company which laid you off already paid your dues and given you your relieving letter? Usually, when companies let go off people they do give sufficient notice and tell them to look out for a job within that period. Once the period expires, then you're supposed to go and collect the relieving letter. If company A(the company which laid you off) did ...


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