India Business News: Startup employees are increasingly holding on to their jobs and tech salaries have cooled down compared to last year, a survey of over 250 founders a
Mihir Gupta, co-founder and CEO of the company informed about the layoffs in a town hall on May 4, a person with direct knowledge of the matter told Moneycontrol. Gupta told employees that the company had to cut jobs purely because of role redundancies and it was not performance-based, the person said.
Dr. Yifat Aran is a visiting scholar at the Technion, Israel Institute of Technology, and an incoming Assistant Professor in Haifa University Faculty of Law. She earned her JSD from Stanford Law School where her dissertation focused on equity-based compensation in Silicon Valley startups.
Imagine that you get a job offer at your dream company. You start to negotiate the contract and everything sounds great except for one detail your future employer refuses to say in what currency your salary would be paid. It could be U.S. dollars, euros, or perhaps Japanese yen, and you are expected to take a leap of faith and hope for fair pay. It sounds absurd, but this is exactly how the startup equity compensation market currently operates.