Shutdowns and layoffs as startups go through another purge | Profit

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  • Опубліковано 24 січ 2024
  • #profitmagazine #startups #shutdown
    Hurting macros, global dearth of risk capital lead to massive layoffs, closures in Pakistan’s startup scene.

КОМЕНТАРІ • 38

  • @RealityReload
    @RealityReload 4 місяці тому +6

    00:01 Startups facing layoffs and shutdowns due to funding crunch
    01:50 Startups facing shutdowns and layoffs due to cash crunch
    03:31 Startups facing shutdowns and layoffs
    04:52 Startups struggling with unsustainable models and intense competition
    06:42 Startups facing shutdowns and layoffs due to funding challenges.
    08:22 Startups are experiencing layoffs and shutdowns.
    10:04 Startups facing uncertainties in operations and licensing
    11:06 Startups need stability for funding in recessionary environment.

  • @sharjeeltelenor
    @sharjeeltelenor 4 місяці тому +4

    Main issue is stupidly high salaries of IT individuals. These guys are quite overpaid while they deliver 50% productivity. Cash burn is just another name of paying stupid money to developers.

    • @eleghari
      @eleghari 4 місяці тому

      But developer salaries are only a small part of it. I believe the very business models are bad to begin with, so there never was a chance they would succeed!

  • @shahaan101
    @shahaan101 4 місяці тому +4

    Cheetay / Dastagir gone ?! Damn. Such a shame. But unfortunately, not surprised. Especially Cheetay. Their premise was amazing, but...

  • @mahi363
    @mahi363 4 місяці тому +5

    محترم منتظمینِ چینل
    انتہائ عاجزانہ گزارش ہے کہ چینل کا میڈیم آف کیمینیکیشن طے کرلیں ، یہ زبان جو آپ حضرات استعمال فرما رہے ہیں نہ ہی انگلش کے زمرے میں آتی ہے اور نہ ہی اردو ۔ اس کو سننا ایک تکلیف دہ اور ناگوار تجربہ ہے ، بشمول اس بات کہ آپ کی گفتگو کا مقصود بھی lost ہو گیا ۔ براہ کرم اس تحریر کو تنقید برائے تعمیر کے زمرے میں رکھیں ۔

    • @askerman3
      @askerman3 4 місяці тому

      yeh pakistan ka issue hai . hum ne dhandhay ki zaban english rakhi hai . hindustan mein bhi yeh issue hai

  • @NasirZ1964
    @NasirZ1964 4 місяці тому +1

    All startups in Pakistan operated like they won a lottery ticket or hit the jackpot.
    Unnecessarily massive hirings, high salaries and benefits, all this without focusing on revenue generation.
    Looks like most of them were set up for minting money and making personal gains 🙂

    • @eleghari
      @eleghari 4 місяці тому

      Most of them were set up for minting VC money and not generating revenue/profits!

  • @askerman3
    @askerman3 4 місяці тому +3

    Pakistan mein startup culture hai bhi ??? without a workable and practical model its not easy to survive just on the funding

    • @eleghari
      @eleghari 4 місяці тому

      And most of these startups have business models that have failed everywhere else, so no surprises they failed in Pakistan as well. I was shocked they found investors in the first place.

    • @askerman3
      @askerman3 4 місяці тому

      @@eleghari agreed. But it's also an opportunity landscape. Even if we just copy Indian startup idea feasible to our environment like cashless payments, things can be changed

    • @pipipupu5104
      @pipipupu5104 Місяць тому

      ​​@@askerman3copying indian startup on what sense could you explain.

    • @askerman3
      @askerman3 Місяць тому

      @@pipipupu5104 as I mentioned, Paytm , blink it, education tech are few which can be replicated in Pakistan as some of the cultural dynamics are the same

  • @user-mf4ve2pf8r
    @user-mf4ve2pf8r 4 місяці тому

    99.99 % Pakistani Founders main concept was How to Burn Invenstors Money .
    They are all Experinced people but hired totally young people at their Head Offices which impact huge on operation side .

  • @user-mf4ve2pf8r
    @user-mf4ve2pf8r 4 місяці тому

    There are still gape between Retailer and Wholesaler
    B2B Companies have data of customers and they can manage with proper strategy rather then hiring lot of Young People .
    There isn't any alternative of Experince !

  • @saroshsiddiq
    @saroshsiddiq 4 місяці тому +1

    Dastagir shuts 😮 whennnn??? 😢😮

  • @user-mf4ve2pf8r
    @user-mf4ve2pf8r 4 місяці тому

    in Urdu we say
    Maal Muft Dil e ByReham

  • @mip2300
    @mip2300 4 місяці тому +1

    salaries are too high for these startup
    employees

    • @askerman3
      @askerman3 4 місяці тому +1

      you have to pay high to attract and retain. otherwise why would someone leave their career job and work for a startup

    • @mip2300
      @mip2300 4 місяці тому

      @@askerman3 your answer is perfect reply to your own question. joining a startup is not a path going downhill, its a path to an exit for the founders and the management

    • @mip2300
      @mip2300 4 місяці тому

      continuous funding is not going to work for the forseeable future as interest rates worlswide are expected to be high for the next two years atlease so funding will be in less supply. @@askerman3

    • @mip2300
      @mip2300 4 місяці тому

      none of these so-called talented individuals deliver much to the value of the startup except providing new stories to raise funds for one more cycle and one more cycle
      @@askerman3

    • @askerman3
      @askerman3 4 місяці тому

      @@mip2300 I didn't have any question in first place 😀 I just commented why salaries are usually higher in any startup

  • @saimali_2001
    @saimali_2001 4 місяці тому +1

    this is sad!!

    • @askerman3
      @askerman3 4 місяці тому

      thats normal

    • @saimali_2001
      @saimali_2001 4 місяці тому

      @@askerman3 pandamart kind of has a monopoly in e-grocery etc. many riders are linked with these apps. so there's unemployment increase and more

  • @ZahidAli-cx7gh
    @ZahidAli-cx7gh 4 місяці тому +3

    بھائی انگریزی میں ہم انگریزوں کے پروگرام اچھی طرح سن لیتے ہیں۔ آپ اردو میڈیم پر ہی رہیں۔

  • @akhtarsultana6857
    @akhtarsultana6857 4 місяці тому

    english achi hai bhai ki😂

  • @Hamza-Iftikhar-Cowlar
    @Hamza-Iftikhar-Cowlar 4 місяці тому

    Would you be interested in covering a startup? Please let me know how I can reach you and share more information.

  • @sarahb6294
    @sarahb6294 4 місяці тому +1

    Pakistan is finished.. Meanwhile India is going to the moon and now aiming for mars. Please can we have Modi jee as our prime minister.

    • @fawwadshafi9555
      @fawwadshafi9555 4 місяці тому

      Indians obsessed with Pakistan,
      While China captures the north of India, and modi doesn’t do much.

    • @Darsh_Yadav_2025
      @Darsh_Yadav_2025 4 місяці тому

      Modi hai to mumkin hai
      Jai shree Ram 🚩🚩🚩

    • @fawwadshafi9555
      @fawwadshafi9555 4 місяці тому

      @@Darsh_Yadav_2025 lol. U come here. Phas jaoo gay. Laynay kay Danay parh jayein gay. 😄