BENGALURU: The recent spate of senior-level exits and layoffs at technology startups has proved a blessing for some firms. 班加罗尔:高级出口和裁员的近期科技初创公司已经证明了一些企业的福音。
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\nThe exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of topnotch talent for younger firms to pick from —people with more startup experience than the mostly twenty-something, first-generation entrepreneurs hiring them. Senior roles and promising stock options ensure loyalty and engagement.
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“Once we got to know that a Mumbai-based company would be resizing their staff, we parked four of our tech architects and the HR (human resource) at Mumbai for two days for back-to-back interviews,” said Manish Chopra<\/a>, co-founder of deal discovery firm Little.
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\n“That was very fruitful as we will be onboarding a senior product lead and an analytics person soon,” said Manish Chopra of Little. Bigger fish — former chief executives and startup founders — too can be found, often on the recommendation of investors in companies that had to fold or be acquired unable to raise money, said Chopra.
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\nHis Paytm-backed company recently hired four key executives, including Manish Chandra Jha, cofounder of Autowale, as vice-president of seller marketing. This was after Autowale was acquired by autorickshaw aggregator Jugnoo, another Paytmbacked company.
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\n“It is a practice among investors to inform other portfolio companies when one of the companies is downsizing staff,” said Alok Goel, managing director at venture capital firm SAIF Partners.
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Recent layoffs from startups including Housing, Foodpanda and TinyOwl sent talent scouts on the lookout for interesting resumes. Housing gave the pink slip to more than 800 employees last year. The recent acquisitions of realty website Commonfloor<\/a> by online classifieds Quikr<\/a> and of budget stay aggregator Zo Rooms by rival Oyo Rooms were followed by the founders of the target companies making calls to ensure the best employees weren’t laid off.
\n
“On an average, each founder I have spoken to has recommended three to four employees. It is the humane thing to do when the company is unable to raise funds or is looking to resize its employee base,” said Pranav Goel, co-founder at mini-truck aggregator The Porter, which is backed by Sequoia<\/a> Capital.
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Typically, these calls are from the founders of small companies, he said. “While Series A-funded companies typically may have 50-60 people and it will be hard to place all of them, seed-funded companies that have 10-12 employees with more emotional bonding” tend to put in more effort to help colleagues land a new job, said Subramanya SV, co-founder of personal finance startup Fisdom<\/a>.
\n
\nFrequent retrenchments have also brought in sanity in terms of the pay packages. “A couple of years ago employees were attracted by startups paying a much higher premium over other industries. Now, employees understand the value of stock options and are ready to move more or less at similar fixed cost to a smaller startup but at a much higher equity, anything ranging from 1-2 times of the fixed salary,\" said Aneesh Passi, co-founder of Basil Advisors, which helps startups hire senior executives.\n\n<\/p><\/body>","next_sibling":[{"msid":50736549,"title":"Several states plan startup policy to promote entrepreneurs","entity_type":"ARTICLE","link":"\/news\/several-states-plan-startup-policy-to-promote-entrepreneurs\/50736549","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50736741,"entity_type":"ARTICLE","title":"How recent layoffs at technology startups have proved a blessing for younger companies","synopsis":"The exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of top-notch talent for younger companies to pick from.","titleseo":"telecomnews\/how-recent-layoffs-at-technology-startups-have-proved-a-blessing-for-younger-companies","status":"ACTIVE","authors":[{"author_name":"Payal Ganguly","author_link":"\/author\/479235658\/payal-ganguly","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479235658.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479235658,"author_name":"Payal Ganguly","author_seo_name":"payal-ganguly","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-01-27 08:47:15","lastupd":"2016-01-27 08:49:40","breadcrumbTags":["Quikr","Manish Chopra","Sequoia","Enterprise Services","COMMONFLOOR","Fisdom"],"secinfo":{"seolocation":"telecomnews\/how-recent-layoffs-at-technology-startups-have-proved-a-blessing-for-younger-companies"}}" data-authors="[" payal ganguly"]" data-category-name="" data-category_id="" data-date="2016-01-27" data-index="article_1">
引发的退出,关闭、收购或削减成本,创造了一个一流的人才为年轻的公司选择与创业经验比(主要是二十多岁,第一代企业家雇佣他们。高级角色和有前途的股票期权保证忠诚度和参与度。
“一旦我们知道了孟买公司会调整他们的员工,我们停的四个技术架构师和人力资源(人力资源)在孟买为连续两天采访,”说Manish乔普拉协议发现公司的联合创始人。
“这是非常富有成果,我们将新员工培训高级产品铅和分析的人很快,”小Manish Chopra表示。更大的鱼-前首席执行官和创业者也可以被发现,通常推荐的投资者必须折叠或被收购的公司无法筹集资金,乔普拉说。
他Paytm-backed公司最近聘请了四个关键高管,包括Manish钱德拉Jha Autowale创始人之一,作为卖方市场营销副总裁。这是Autowale autorickshaw聚合器Jugnoo收购后,另一个Paytmbacked公司。
“这是一个练习中投资者告知其他投资组合公司精简人员的公司之一时,“阿洛克高尔说,风险资本公司SAIF Partners董事总经理。
从初创公司最近裁员包括住房、Foodpanda和TinyOwl派遣人才童子军在寻找有趣的简历。住房给解雇通知书到去年的800多名员工。最近收购的房地产网站Commonfloor通过在线分类广告Quikr由竞争对手欧和预算保持聚合器佐薇的房间房间之后,目标公司的创始人打电话,确保最好的员工并没有解雇。
“平均每个创始人,我说推荐三到四个员工。这是人道的事情当公司无法筹集资金或调整其员工基础,“Pranav高尔说,联合创始人在波特随着聚合器,这是支持的红杉资本资本。
通常,这些调用来自小公司的创始人,他说。“虽然系列a公司通常有50 - 60人,很难把所有的seed-funded公司10 - 12员工与更多的情感纽带”往往投入更多的努力来帮助同事得到一个新的工作,Subramanya SV说,个人理财公司的创始人之一Fisdom。
频繁的裁员也带来了理智的薪酬。”几年前员工被公司支付更高的溢价所吸引其它行业。现在,员工理解股票期权的价值和准备行动或多或少类似固定成本更小的创业公司,但在更高的股本,任何从固定工资的1 - 2倍,“罗勒Advisors的创始人Aneesh Passi说,这有助于公司聘请高管。
BENGALURU: The recent spate of senior-level exits and layoffs at technology startups has proved a blessing for some firms.
\n
\nThe exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of topnotch talent for younger firms to pick from —people with more startup experience than the mostly twenty-something, first-generation entrepreneurs hiring them. Senior roles and promising stock options ensure loyalty and engagement.
\n
“Once we got to know that a Mumbai-based company would be resizing their staff, we parked four of our tech architects and the HR (human resource) at Mumbai for two days for back-to-back interviews,” said Manish Chopra<\/a>, co-founder of deal discovery firm Little.
\n
\n“That was very fruitful as we will be onboarding a senior product lead and an analytics person soon,” said Manish Chopra of Little. Bigger fish — former chief executives and startup founders — too can be found, often on the recommendation of investors in companies that had to fold or be acquired unable to raise money, said Chopra.
\n
\nHis Paytm-backed company recently hired four key executives, including Manish Chandra Jha, cofounder of Autowale, as vice-president of seller marketing. This was after Autowale was acquired by autorickshaw aggregator Jugnoo, another Paytmbacked company.
\n
\n“It is a practice among investors to inform other portfolio companies when one of the companies is downsizing staff,” said Alok Goel, managing director at venture capital firm SAIF Partners.
\n
Recent layoffs from startups including Housing, Foodpanda and TinyOwl sent talent scouts on the lookout for interesting resumes. Housing gave the pink slip to more than 800 employees last year. The recent acquisitions of realty website Commonfloor<\/a> by online classifieds Quikr<\/a> and of budget stay aggregator Zo Rooms by rival Oyo Rooms were followed by the founders of the target companies making calls to ensure the best employees weren’t laid off.
\n
“On an average, each founder I have spoken to has recommended three to four employees. It is the humane thing to do when the company is unable to raise funds or is looking to resize its employee base,” said Pranav Goel, co-founder at mini-truck aggregator The Porter, which is backed by Sequoia<\/a> Capital.
\n
Typically, these calls are from the founders of small companies, he said. “While Series A-funded companies typically may have 50-60 people and it will be hard to place all of them, seed-funded companies that have 10-12 employees with more emotional bonding” tend to put in more effort to help colleagues land a new job, said Subramanya SV, co-founder of personal finance startup Fisdom<\/a>.
\n
\nFrequent retrenchments have also brought in sanity in terms of the pay packages. “A couple of years ago employees were attracted by startups paying a much higher premium over other industries. Now, employees understand the value of stock options and are ready to move more or less at similar fixed cost to a smaller startup but at a much higher equity, anything ranging from 1-2 times of the fixed salary,\" said Aneesh Passi, co-founder of Basil Advisors, which helps startups hire senior executives.\n\n<\/p><\/body>","next_sibling":[{"msid":50736549,"title":"Several states plan startup policy to promote entrepreneurs","entity_type":"ARTICLE","link":"\/news\/several-states-plan-startup-policy-to-promote-entrepreneurs\/50736549","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50736741,"entity_type":"ARTICLE","title":"How recent layoffs at technology startups have proved a blessing for younger companies","synopsis":"The exits, triggered by shutdowns, acquisitions or cost cuts, have created a pool of top-notch talent for younger companies to pick from.","titleseo":"telecomnews\/how-recent-layoffs-at-technology-startups-have-proved-a-blessing-for-younger-companies","status":"ACTIVE","authors":[{"author_name":"Payal Ganguly","author_link":"\/author\/479235658\/payal-ganguly","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479235658.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479235658,"author_name":"Payal Ganguly","author_seo_name":"payal-ganguly","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-01-27 08:47:15","lastupd":"2016-01-27 08:49:40","breadcrumbTags":["Quikr","Manish Chopra","Sequoia","Enterprise Services","COMMONFLOOR","Fisdom"],"secinfo":{"seolocation":"telecomnews\/how-recent-layoffs-at-technology-startups-have-proved-a-blessing-for-younger-companies"}}" data-news_link="//www.iser-br.com/news/how-recent-layoffs-at-technology-startups-have-proved-a-blessing-for-younger-companies/50736741">
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