Navi Technologies Reduces Workforce by 20%, No Severance Due to New HR Rules

  • Navi Tech reportedly started layoffs on Tuesday, affecting all departments, with no severance packages due to a new HR policy.
  • Previously, Navi hosted two appraisal rounds (June and December) with minimal layoffs; now, layoffs and no severance occur in both cycles.
  • An insider alleges top management intended to downsize, modifying HR rules to minimize severance costs, and not all cuts were performance-related.
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