How Housing.com tripped
There was a cackle of laughter in a Powai office when Abhimanyu* (32) read aloud a story in a popular business daily about online start-up company Housing.com laying off 200 people. Abhimanyu turned to his friend Raman Shah* (31) and wondered aloud if they had been stupid to resign and not wait to be fired. Abhimanyu and Shah have been working at Housing.com for about a year. Recently, both decided to quit to pursue their new interests. A week after they handed in their resignations, Housing announced its layoffs. Since they resigned, the duo’s laptops have been taken away and they have been locked out of all their clients. “Housing has laid off a much higher number of people than reported in the past four months. In the latest round, the management started the layoffs before Diwali, but released the information much later,” said Abhimanyu, indicating around 1,000 had lost their jobs. Asked, Housing said the number was inaccurate. According to sources, the company, w...