Cytonn is renowned for the high turnover, which I can agree is completely conventional for a start-up company.
However, the grounds of some firing cases at have reached our desk are loathe-worth. Recently, a group of investment analysts were dismissed on account of what can be interpreted as the CEO’s moodiness (maybe he suffers PMSing). On a WhatsApp group, the CEO enquires from the analysts if any of them has some spare time to take up additional tasks.
With due respect, all except one detail how swamped up they are and that absorbing additional tasks would jeopardize the delivery and quality of the others. Being one of the CEOs impulsive days, he convenes a meeting with all who had justified their inundation with work and unreservedly dismissed them without regard to neither the laid down policies nor rationality, on the minimum.
Whether deliberate or otherwise, the message was loud and clear to the rest of the company that there is nothing like being permanent and a slight mood swing would set you packing.
As an upshot, key employees have actively sort alternative companies to utilize their skills and experience without having to worry whether they will be dismissed in the morning or evening.
Consequently, especially the investment and real estate teams are being run by novice interns and it’s no brainer to decode the risk this poses to the investors’ funds and the quality of the ambitious projects.
Withal, there are pending cases of employees suing the firm for nonprocedural and unlawful termination & sexual harassment by the gay Financial Controller, Shiv Arora.
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