Townhall meetings: How start-ups use jazzy jargon to say 'you are sacked'

The world over, "townhall meetings" have often been used for important announcements

After Snapdeal, its mobile wallet company Freecharge too has started firing employees, it is learnt. After Govind Rajan, CEO, FreeCharge, put in his papers, people are being asked to leave. FreeCharge, which has around 200 employees, wants to reduce the staff strength to half in a few weeks, sources said.

The process of giving out pink slips started after, the senior management in the company called all its staff for a “mini-townhall” meeting, where the upcoming changes in the organisation were conveyed, sources said.

Earlier too, townhalls have meant alarm bells at Snapdeal. A year ago, at one such townhall