Grover's comments have come post witnessing the incessant number of layoffs happening by giants like Amazon, Google, Microsoft, Swiggy, etc.
Amidst the daily sacking news, Ashneer Grover on Monday anticipated the looming recession across industries. The ex-Shark Tank India judge and former BharatPe co-founder said that he was thankful that he never had to fire people because of bad markets.
"It’s sad to hear about firings every day. I am thankful that I’ve never had to fire people because of bad markets - because I’ve always hired considerately. As a founder you’ve to think about the long game," Grover shared on LinkedIn.
"I had posted about 25 percent - 40 percent salary reduction a while back as an alternative to mass firings. I just don’t get it why founders won’t go down that path. Everything gets repriced: energy, capital, technology. Why not people?"
Grover's comments have come post witnessing the incessant number of layoffs happening by giants like Amazon, Google, Microsoft, Swiggy, etc.
He further quoted the capping of max 50 people in his upcoming venture, the sole reason behind avoiding such instances where in the name of cost-cutting or economic downturn he has to fire employees overnight.
"Glad I’ve put on myself a max cap of 50 people in the Third Unicorn. People joining me will have to worry only about building and growth - I’ve got my team’s back," he added.