As cash becomes lesser and the ever-glorious easy funding days come to an end, startups are starting to realise the aftermath of their dismal hiring practices. And in line with that, job portal Hiree is the latest one to join the likes of Zomato, TinyOwl and Housing to the lay-off bandwagon.
Hiree, an online job portal, which was previously known as Mynoticeperiod.com, has fired about 10 to 15 percent of its workforce on Monday, reports Tech In Asia.
Most of the employees, who were fired by the company were from the sales team. While the company’s co-founder said that they let go only four people due to “performance reasons”, he later changed his stance and said,
Hiree is growing at a healthy pace. To optimize efficiencies and better streamline execution we reduced less than 10 percent of the staff.
The company was founded in May 2013 by Manjunath Talwar and Abhijit Khasnis with an aim to solve two simple problems – expedite hiring & help job-seekers get better job offers.
It claims to have close to 5 lakh job seekers. Having a team of around 100 people, the company puts the focus on the fast hiring, and relevance. It maintains efficiency by putting an expiry date on profiles as well, unlike other portals where a profile can exist for years.
Active job seekers on the platform are categorised and ranked depending on many factors such as how active they are or their qualifications. The curated list is then available to recruiters who are looking to make a quick hire.
Earlier, in November 2015, TinyOwl laid-off around 112 people from the company. Prior to that, in September, in had let go around 200 employees, mostly from sales and delivery teams.
Another food-tech startup FoodPanda also cut down its workforce by 15 percent. Zomato and Housing also laid-off significant number of employees in order to cut down cost.