longhouse consulting

ETtech has put together an annual list of big movements across the country’s venture capital (VC) industry. At least 38 partners and top executives moved out of VC funds this year highlighting the churn caused by the challenges in the technology sector. Of the total tally, 25 professionals were in the investments team across various funds, as per executive search firm Longhouse Consulting. Lightbox exits In August, Jeremy Wenokur, Prashant Mehta and Siddharth Talwar, left the Mumbai-based firm that has backed the likes of…

As the funding winter grips Indian new-age tech, startups have turned conservative about hiring, with open job positions in these companies shrinking to about a third compared with the 2021 highs when capital was widely available, according to data from executive search firm Longhouse Consulting.Also, employees at these companies are seeing only 10% annual hikes on the higher side, while many are even forced to take a 10% cut, show the findings shared exclusively with ET. Bonus and variable pay-outs have also been smaller…

When an employee at a home interiors startup—which has been laying off its workforce—suffered a heart attack and had to be hospitalised, the manager, instead of being empathetic, announced to the company that she was absconding. Other colleagues have been asked to work even though they have had a demise in the family, or have parents hospitalised. She quit recently, along with a couple of other colleagues in her team, unable to cope with the intense mental harassment at work.“The company had over-hired a couple of years…

Startups and new-age digital companies — that were attracting top talent with their accelerated career path and huge wealth creation opportunities until recently — are seeing an exodus of senior professionals who are now seeking the safety net of established companies. Mounting layoffs, financial uncertainty, and decline in growth momentum amid funding challenges in startups are pushing many to look at options at large firms that have more dollars to innovate and experiment, top industry officials and venture capital…

Large consumer Internet firms are moving fast to rein in costs and are planning additional layoffs as 2023 begins on a cautious note for startups, industry executives and investors briefed on the matter told ET.Reliance Retail-backed Dunzo has laid off about 3% of its employees last week and the quick commerce platform for groceries and other essentials is cutting costs elsewhere as well.MohallaTech is finalising another round of layoffs in the coming weeks which is likely to be bigger than its previous layoff of around…