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 Latest massive layoff for Malaysia's first Unicorn

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Mavik
post Nov 17 2023, 10:19 AM

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QUOTE(MegaCanonF @ Nov 17 2023, 09:48 AM)
they did.

> one stop car selling centre that uses modern apps for booking / appointments.

> not kena potong harga by ahbeng 2nd car shop

>high value compared to ahbeng 2nd car shop

>generally hassle free dealings.
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This you are comparing to 2nd hand car shop. You should look at the other unicorn in the space in South East Asia, Carro, which bought over MyTukar who does the exact same thing. Consumers now run to find who offers the best price for their trade in or the lowest price for the used car.
Mavik
post Nov 17 2023, 10:21 AM

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QUOTE(mingosaur @ Nov 17 2023, 08:42 AM)
I was told everything was super last minute. Really bad handling from the management/HR. No office wide announcement. Started with townhalls for different departments at different days. After that called in for 1on1 and then provided letter.... most are immediate termination. Feel really bad but I guess it is the risk with startups.
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Welcome to the world of tech firing. If you think that is bad, some examples of tech firing, staff tries to check their calendar for the day's schedule, suddenly see error with access denied. Can't access all email, comms and then you see the news of layoffs online. Or another one where a staff was meeting with a customer outside the office and when they brought the customer to check out the office, the access pass just stopped working.
Mavik
post Nov 17 2023, 10:22 AM

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QUOTE(hoonanoo @ Nov 17 2023, 09:00 AM)
I think this happens a lot at Start Up Companies.

My friend who worked at a bank, told me he had a choice to take up severance pay or remain.

He took up severance pay, 6 months, then found another job almost immediately.

Another friend, his wife worked at a bank almost 20 years, she took up volunteer severance pay in her early 50s.

After that, retired early no need to do anything but travel overseas for fun.
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This is quite different as it falls under the VSS or voluntary separation scheme
Jasonist
post Nov 17 2023, 10:34 AM

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ppfffttt unicorn pulak.. lawak sial
skloda
post Nov 17 2023, 10:40 AM

Keep Calm , You Only Live Once
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kesian my ex colleague dunno got affected or not .
hoonanoo
post Nov 17 2023, 11:01 AM

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QUOTE(Mavik @ Nov 17 2023, 10:21 AM)
Welcome to the world of tech firing. If you think that is bad, some examples of tech firing, staff tries to check their calendar for the day's schedule, suddenly see error with access denied. Can't access all email, comms and then you see the news of layoffs online. Or another one where a staff was meeting with a customer outside the office and when they brought the customer to check out the office, the access pass just stopped working.
*
twitter?
Pain4UrsinZ
post Nov 17 2023, 11:03 AM

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So later got clearance sales from carsome?
max_cavalera
post Nov 17 2023, 11:10 AM

rebirth
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topkek....

faster go public listing lar and burn more banks financing
differ
post Nov 17 2023, 11:20 AM

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QUOTE(mingosaur @ Nov 17 2023, 08:42 AM)
I was told everything was super last minute. Really bad handling from the management/HR. No office wide announcement. Started with townhalls for different departments at different days. After that called in for 1on1 and then provided letter.... most are immediate termination. Feel really bad but I guess it is the risk with startups.
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You or "your friend" now?
dawnreaver
post Nov 17 2023, 11:23 AM

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Carsome beep beep.
TSmingosaur
post Nov 17 2023, 11:26 AM

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QUOTE(differ @ Nov 17 2023, 11:20 AM)
You or "your friend" now?
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Just reporting on behalf of kawans in the company. I myself don't think can work in startup environment, prefer MNC with global assignment opportunities. smile.gif
staticxtreme
post Nov 17 2023, 11:26 AM

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gege.com. unicorns
loon90
post Nov 17 2023, 11:26 AM

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Gaji management satu bulan RM40k... Of course downsize and don't make money
Mavik
post Nov 17 2023, 11:34 AM

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QUOTE(hoonanoo @ Nov 17 2023, 11:01 AM)
twitter?
*
Twitter, Google, Microsoft, Amazon, Meta, and more
cooldog_777
post Nov 17 2023, 11:35 AM

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QUOTE(mingosaur @ Nov 17 2023, 08:32 AM)
this is just like people asking my boss, "heard you found a new job. is it? no la, where got. I'm loyal to this company".
then 1 week later my boss tendered his resignation.
cooldog_777
post Nov 17 2023, 11:42 AM

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QUOTE(Sha91 @ Nov 17 2023, 09:54 AM)
Young entrepreneurs. Likely to fail why? Financial literacy nearly zero. Spend like nobody business (put aside for personal, it's freaking company's money, spending like no tomorrow). Budgeting and projection suka suka letak numbers but unrealistic and syok sendiri laugh.gif

Most so called entrepreneurs these days' are the product of working-parent generations, who have never really faced hardship, let alone financial difficulty, hence the failure.
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My ex company boss those with "C" title even though been working for donkey years in the market also love to hantam unrealistic budgeting and projection.



koja6049
post Nov 17 2023, 11:44 AM

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QUOTE(Pain4UrsinZ @ Nov 17 2023, 11:03 AM)
So later got clearance sales from carsome?
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scrap metal sale biggrin.gif
alanyuppie
post Nov 17 2023, 11:45 AM

Look at all my stars!!
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QUOTE(cooldog_777 @ Nov 17 2023, 12:42 PM)
My ex company boss those with "C" title even though been working for donkey years in the market also love to hantam unrealistic budgeting and projection.
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younger enterpreneurs got an image to potray, especially when they are socmed savvy.. constantly needing to update their followers on their corporate journey. Thats why budgetting gonna include such cost.



upcars
post Nov 17 2023, 11:51 AM

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nowadays ppl no longer use the word fired or retrenched. its now MSS offering lol
latipbogiba
post Nov 17 2023, 12:02 PM

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tq carsome
i get good used car from you

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