Tech companies have been hit hard this year and many have been forced to let go of some of their staff.
This includes local startup Carousell. Earlier this month, the company laid off about 110 employees, which was roughly 10% of its total headcount.
To help those impacted by the move, Carousell is helping them search for opportunities.
Source: Carousell Group on LinkedIn
On LinkedIn, Carousell shared an Excel sheet listing the information, skills, and preferences of these ex-employees and urged other companies to consider hiring them.
On Saturday (10 Dec), Carousell shared on LinkedIn that as part of their reorganisation, the company had to part with some of their employees.
Knowing that this will be a difficult transition for them, Carousell said that they are helping those impacted to search for opportunities across different functions.
The local company said their employees are “dedicated, mission-first individuals looking to make an impact”.
They then called on companies to consider hiring one of their “esteemed Carousell alumni”.
At the end of the post, a Google Sheets link was provided.
Carousell explained that the link leads to a list of impacted employees who have consented to being contacted.
There are about 45 individuals listed in the document.
Besides their name, personal email address, LinkedIn profile, current location, and role in Carousell, the document also includes their years of relevant experience as well as primary skills.
Taking into account their employees’ preferences, there is a column stating how open each individual is to relocating.
Earlier this month, Carousell laid off 110 employees, which made for about 10% of their total headcount.
On the Carousell Press site, co-founder and CEO Quek Siu Rui published the note he had sent to all employees just before the lay-offs.
In it, he said he was “deeply sorry” for this outcome.
“I take responsibility for the decisions that have led us here,” he confessed.
Source: Tech in Asia
Mr Quek went on to explain that he had made critical mistakes by being too optimistic about the pace Carousell was moving at.
He apparently underestimated the impact of growing their team size too quickly.
Moreover, the global economy is expecting a slowdown in 2023.
To build an enduring company, they had to make adjustments and reorganise, even if it means paying the heavy price of parting with some employees.
In his note, Mr Quek said that the company will treat all affected employees with compassion.
Carousell’s “main priority” will now be lending them as much support as possible in their search for their next job.
The company then listed the benefits these employees will be getting, including the following:
Mr Quek ended his letter by thanking these employees, emphasising that the decision is not a reflection of their contributions and hard work at Carousell.
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Featured image adapted from Corporate Bytes.
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