Indian startup suffers Rs.2 crore loss, asks employees to take 20-30% pay cut for 2 months
New Delhi, June 2 -- A software professional based in Delhi has triggered widespread discussion online after revealing that their startup wants employees to help absorb the financial fallout of a major business mistake. The engineer claimed the company is seeking written approval from staff for a temporary salary reduction after a single employee's error allegedly resulted in losses worth Rs.2 crore.
The matter came to light through a Reddit post in which the employee sought advice on whether to accept the proposal, negotiate for a stronger stake in the company, or begin looking for opportunities elsewhere.
"Company asking for a 20-30% pay cut for 2 months due to a Rs.2 Crore loss caused by another employee. What should I do?" the indiv...
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