By Srimoyee Chowdhury: Bengaluru-based fintech app Fam, based by Sambhav Jain and Kush Taneja, introduced a layoff of 18 workers, stating a shift in focus from hyper-growth to sustainability. However the founders have expressed their willingness to help the affected workers find new job alternatives.

In a tweet, Jain acknowledged the issue of letting individuals go, notably in a people-first group like Fam, the place emotional connections are sturdy. He emphasised that regardless of being pleased with the passionate workforce they’ve constructed, the corporate’s altered route prevented them from providing roles that might assist private progress. Jain additional said that the corporate empathizes with the laid-off workers and is assured of their skills to attain nice issues elsewhere.

Taneja additionally took to Twitter to precise his unhappiness concerning the layoff, expressing gratitude for the contributions made by the departing workforce members. He urged potential recruiters to achieve out in the event that they had been trying to find proficient people to hitch their groups.

Nonetheless, the founders’ enchantment acquired combined responses, with some Twitter customers questioning the corporate’s declare of being “people-first” when resorting to layoffs. One person steered that if an organization really values its workers, it would not allow them to go throughout tough occasions. One other person raised issues about anticipating ardour from a workforce that may be laid off with none fault of their very own.

Regardless of these criticisms, a number of recruiters confirmed curiosity within the laid-off workers, with one recruiter expressing confidence in Fam’s resilience and providing potential alternatives.

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