Proptech startup Rentilium has carried out significant job cuts after an internal financial issue surfaced, triggering disruption across its teams. The layoffs, which unfolded over the past month, have impacted a large portion of the workforce and raised concerns among employees about delayed salaries and uncertain payouts.
Several staff members were informed not to return to work with little notice. Communication from the HR team indicated that affected employees would receive two months’ salary as severance. However, confidence in this assurance appears low, as some workers reported existing delays in wage payments. The sudden nature of the decision left many, especially junior employees, in a difficult position.
Estimates from employees suggest that more than half of the company’s workforce has been impacted. A significant number of those affected are early-career professionals with limited experience. At one office location alone, dozens of employees were asked to leave, highlighting the scale of the reduction.
The company, however, maintains that the number of exits is lower and attributes the move to corrective action following a forgery-related issue linked to sales operations. The incident is believed to have strained finances, prompting cost-cutting measures. Management has stated that separation terms will follow company policies, including notice period compensation.
There are also claims that some employees were encouraged to resign, with conditions tied to notice periods and documentation such as experience letters, adding to the uncertainty.
The situation reflects a broader trend across India’s startup ecosystem, where financial pressures and governance challenges continue to drive layoffs, often affecting younger employees the most.
