We had to take some difficult decisions over the past few days. We realize the impact this has on our campus hires and we do not view it lightly. But even before that, we want to apologize for the way we handled the situation.
Our communication yesterday has left a lot to be desired and we accept full responsibility for it. The ones affected by this decision deserved much more empathy and understanding – and the fact that we failed in that is unacceptable. We are really and truly sorry.
On why we had to take this step. In the past couple of months, we have been making some necessary strategic changes within the company. The changes we have made will, in our opinion, benefit our customers in the long term. However, these changes have made the new roles redundant and therefore, we are no longer able to continue with the offers we made a few months back.
As part of this, we have also had to let some of our existing employees go. We appreciate the contribution made by these employees as they helped us reach this level of growth. They have been valued members of Grofers and their separation is in no way a reflection of their performance. We deeply regret the steps that we had to take. We thank them for their efforts and wish them the best in the next part of their professional journey. For all our affected employees, we are offering severance benefits and outplacement services.
This was definitely not an easy call to make. But it was something that was necessary for our business.
Saurabh & Albinder