New Delhi, Aug 20 : As Big Tech, unicorns and startups cut employees across the board in the midst of economic turmoil Here’s an online company that offers assistance for layoffs to make the process of firing easy, efficient and “humanely” as is possible.American-based startup Continuum offers layoff assistance based on the amount of employees the company employs, TechCrunch reported.
For start-ups with between 20 and 100 full-time workers, it will charge a one-time charge of $10,000 to eliminate any number of employees.
“If the startup has 100 and 250 full-time employees any reduction in workforce will cost around $20,000,” the report mentioned.
With the layoff assistance every startup receives an hour of consultation for free, and after that, pay according to the size of the present headcount.
“If you think about what went wrong, all you need to take a look at Better.com.
The CEO is a self-promotional jerk but does the mass firings on Zoom with there is no one communication that is complete catastrophe,” said said Continuum CEO Nolan Church.
The online mortgage company Better.com was criticized following the resignation of its CEO, Vishal Garg, sacked about 900 employees in one Zoom phone call in December.
“If you manage an unsatisfactory layoff and you’re left with an employee that you need to re-motivate and to focus on the direction the future will take for the business,” Church was quoted as saying.
Continuum also permits companies to hire experienced executives part-time to offer advice from experts on how to manage the possibility of laid-offs.
The startup handles all payment transactions including invoices, contracts taxes, payments and payouts for the executive appointed by the client.
The company said that in less than 48 hours the customer will be placed with someone who solved the exact issue.
Continuum in July raised 12 million in its Series A financing that was led by Pelion Ventures with participation from Uncork Capital, Day One Ventures and investors, including the CEOs of DoorDash, Divvy and Thumbtack.
About half of the firms worldwide are planning to cut employees, and the majority are cutting bonuses and cancelling job offers in the wake of the economic downturn A new report has warned.
According to the most recent PwC report 50 percent of those surveyed in the US are cutting their overall workforce, even as business leaders are worried about retaining and hiring talent.
Over 32,000 tech employees have been dismissed in the US until July, including those employed by Big Tech companies like Microsoft and Meta (formerly Facebook), and the worst hasn’t been resolved for the tech industry, which has seen a massive drop in stock prices.
In India more than 25,000 new workers have lost their jobs since the pandemic startedand more than 12,000 workers have been dismissed this year.
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