Sridhar Vembu slams Freshworks layoffs; says cash-rich company can't expect employee loyalty if it prioritises shareholder buyback

Quick Summary:

Although he did not name the company, Vembu’s comments comes a day after Freshworks slashed around 13% of its global headcount, impacting 660 employees out of its 5,000-strong workforce.

We put our customers and employees first.

It has only resulted in large scale employee cynicism in the US and we are importing that too.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: India

Topics: Layoffs Policy Privacy Loyalty Stock Vembu Employee Company Employees Expect Freshworks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 05:03:22 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23467679

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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News Last Updated: 8 hours ago

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