Helping core teams at startups that are closing down

It first happened a few weeks ago. We talked to two cofounders who had recently shut down their Mumbai based startup turning to CutShort to find full time jobs. They had started their venture in 2015 but decided to take a break due to lack of scale/funding.

In the world of startups, where 50% startup fail in the first year, this is not unusual.

But then it started happening very frequently over the next few weeks. Every week, our team would routinely discover cofounders/tech leads/marketing heads/operation heads on CutShort to connect with new employers.

It’s then we saw the trend – many ventures started in 2014-15 were closing down at a rapid pace this year. In Sep, 2016, Inc 42 reported shut down of more than 500 startups in previous 20 months. Accounting for lesser known startups in the media circles and the increased pace of failures since September, it won’t be far fetched to estimate the total shutdowns to cross 2500 by the time year 2016 winds up.

All this smart talent – left direction-less

These are smart people – cofounders, marketers, growth hackers, developers who had the & passion & courage to start or join an early stage startups.

But after talking to them we realized it’s not easy for them to find their next opportunities. Not many companies have the right roles that fit and excite them. And there are companies who are not sure about hiring people with significant experience for cultural or organization fit reasons.

Announcing The KickStarters – connecting experienced startuppers with their next opportunities on 22nd Decemberkickstarters

To help these cofounders and core team members at such startups, we are organizing an online event on 22nd December. The idea is to seamlessly connect them with the companies that value the talent, energy and motivation these teams can add to their teams.

Register fo The KickStarters 

FAQs:

  • When and where is this event?

This event will happen online on 22nd December on CutShort.  No need to travel anywhere. Just connect with the right employers discretely.

  • Is there a pricing?

No. This is completely free for CutShort users.

  • What kind of people I can hire at this event?

As the name “The Kickstarters” suggests, these will be cofounders/tech leads/marketing heads/operation heads cofounders at a startup that has laid off people or closed down.

  • What kind of companies will be attending this event?

Right from early staged to funded to profitable product companies. All the employers will be verified. We will not give access to third party recruitment agencies.

Helping 1000 employees “misfired” and “massfired” by Flipkart

In an unfortunate turn of events, Flipkart announced last week that it is “firing” 800 to 100 employees.

I wrote a LinkedIn post on this topic and was overwhelmed to see 100+ comments from people who have expressed their shock on the way Flipkart has handled this entire event.

Looking ahead: Connecting Flipkart employees with new employers

Criticization doesn’t help anyone. In the above LinkedIn post, I proposed an initiative to easily connect these employees with future employers. The response was overwhelming – 60+ companies (including Amazon, FabFurnish, HackerEarth, GoJek etc) have so far showed interest in hiring these employees.

Encouraged, we have planned a 3 day online event called “Flipkart Connect” to connect the outgoing employees with new employers. A 100% free event, this will give these employees a chance to connect the right future employers, quickly and privately.

Register for Flipkart Connect

FAQs:

  • Where is this event?

This event is completely online. No need to travel anywhere. Just connect with the right employers discretely.

  • Is there a pricing?

No. This is completely free for both employers and employees.

  • What kind of employers will I find at this event?

All the employers will be verified. We will not give access to third party recruitment agencies.

  • What kind of candidates will I find at this event?

All the candidates currently working/having worked at Flipkart.

The event starts on Tuesday (9th Aug) at 11 am. If you are a Flipkart employee or an employer looking to hire them, please register here.

Let us know if you have any suggestions or comments.

Foodpanda lays off 500; hire them or help those affected

This is turning out to be a rough winter for startup employees. Earlier this month, PubMatic laid off 150+ people and today we learned that FoodPanda has laid off close to 500 employees as well. As expected, this has sparked another hot debate on startup bubble, funding mismanagement, startup career risks and so on.

While this discussion is much needed, there is something more important. Close to 500 people from Foodpanda were unexpectedly let go of and now have to look for an alternative job urgently. Having seen such situations closely before, we understand this can be a difficult situation for people financially and emotionally. As we understand there are two challenges these employees face:

  • Discovering just the right companies that want to hire them

Finding all the companies and roles on offer is time consuming and inefficient. For every company you are able to find about, there are 5 that are as promising but are unknown to you.

  • Retaining privacy and avoiding unwanted calls:

You want to maximize your chances, but giving out your personal details to everyone just leads to just spam and fake recruiter calls that waste your time and makes your job search more work than it should be.

Our initiative: Help FoodPanda Employees

To help the affected employees, we at SocialHelpouts have started an initiative that is similar to the one we had started for PubMatic employees.

The idea is simple – connecting the affected employees with as many potential employers as possible. Employees just have to create their short profile while we will reach out to potential employers and showcase the profiles.

If you are an affected FoodPanda employee

You just need to create a short profile on SocialHelpouts.

If you are interested in hiring these FoodPanda employees

You will be able to view all the profiles on SocialHelpouts. There is no cost. Get started here.

Want to help?

Please spread the word. Share this post with your network. Suggestions? Ideas? Please send them to us at hello@socialhelpouts.com.

About us: SocialHelpouts is a LinkedIn like network that matches people with jobs and freelancer opportunities with the help of their network. Everday, users from 300+ tech companies such as Paytm, Time.inc, MakeMyTrip, Inc42, Druva & MindTickle use it hire the right fitting talent.

 

Two weeks after the PubMatic layoffs: here is what we have achieved so far

A bit of context first: Two weeks ago, we heard the unfortunate news that PubMatic was laying off 100+ people. To help the employees affected by this, we started an initiative to connect them with their prospective employers easily on our platform.

Here is a brief checkpoint on what has happened since then.

40 companies have shown interest

We got interest from several big names – such as Symantec, BMC, Crest Software and Sulekha.com along with several fast-growing startups such as Houzify, TravelYaari, Dimentrix Technologies, EverTeam, Boomerang Commerce, Izel Technologies, Qualys , Zentest software and many more.

Many companies reached out from the media and ad-tech space, such as Sokrati, Yukta MediaFork MediaMediastinct , Bonzai Ad and even some based overseas such as Aki Technologies  PulsePoint & JustPemium Ad Exchange. These companies have been asked to check out the profiles on SocialHelpouts.

You can see the entire list here.

47 employees from PubMatic joined us

Word went around and we have about 47 PubMatic employees joining the initiative and creating their short profiles. The profiles are a mixed bag – with around 1/4th technical background and rest from business backgrounds such as operations, account management & digital marketing. Here is the breakdown:

PubMatic Profiles

To see the profiles, login to SocialHelpouts and click this link: http://bit.ly/1J4f7lB

The Results

These companies are checking out the profiles on SocialHelpouts and reaching out to them on via the platform and, in many cases, directly on LinkedIn.  Many companies have also added their jobs to make it easy for people to get in touch with them.

We estimate that about 100+ conversations have been initiated after visiting SocialHelpouts so far. Companies such as Crest have reported having positive interviews already.

The challenge

The challenge has been a little mismatch between the companies & affected employees. While the companies are mostly looking for people in technical roles, 75% of the affected employees are from non-tech roles such as operations, account management & digital marketing.

Next steps and how you can help

We plan to follow up with the existing companies and also plan to reach out to more.

If you know people who got affected in the PubMatic layoff please inform them about checking out SocialHelpouts.

If you know someone who is hiring in operations, account management or digital marketing: please ask them to visit SocialHelpouts and check out all the awesome PubMatic folks that can join their team.

If you have suggestions on how we can improve, do let us know at hello@socialhelpouts.com.

About us: SocialHelpouts is an open network to discover and connect with the right people leveraging your social graph. The platform is absolutely free.