Indian Focus News

200 Workers at This Tech Company Were Let Go After a Google Meet Call

<p>Layoffs have been a typical occurrence in the past few years, especially in the IT sector, and they have been rising rather consistently since the COVID-19 epidemic. Thousands of workers have been let go with either advance warning or sometimes abrupt emails. While cost-cutting strategies are the most frequent causes, seasonal closures or abrupt terminations may also result from the unstable and unstable labor market and a drop in demand for product services. In one particularly startling case, a business recently used an internet video chat to abruptly fire all 200 of its workers in a matter of seconds.</p>
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<p>A Techcrunch article claims that Frontdesk, a prop-tech business, recently fired all 200 of its workers during a two-minute Google Meet session. An employee who was there during the conversation said that the company’s failed efforts to get more funding were the reason behind the terminations. Jesse DePinto, the CEO of the business, told the staff on the call that the firm would be applying for a state receivership, which is an alternative to bankruptcy.</p>
<p>Regarding the business, Frontdesk is well-known for equipping flats for brief stays and renting them out at standard rates in more than 30 marketplaces. But because of the high expenses and shifting preferences for payment methods, things became a bit difficult. The corporation attempted to convince investors of a fresh strategy, but it was unsuccessful, necessitating a swift choice. Since its founding in 2017, Frontdesk has overseen over 1,000 residences nationwide and has raised over $26 million from financiers like Veritas Investments, Sand Hills Angels, and JetBlue Ventures.</p>
<p>This is not the first instance of it occurring. A British shipping business laid off 800 workers via video conference earlier in 2022 as part of its strategy to replace them with less expensive workers.</p>
<p>Another example of this was when, a startup mortgage lender, told its 900 workers via video conference that they were being let go. The CEO said that while the firm announced the termination without prior notice, staff can anticipate receiving an email from HR outlining perks and severance.</p>

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