They also said that the company would be downsizing as part of its attempts to turn profitable. We also started diversifying and starting new projects while we still hadn’t perfected the first or made it profitable. We started doing too many things, and all of us starting with myself and Rohit, are to blame for it,” said the mail. While both the founders have decided to forgo their salaries, some of the brass have also offered to take a pay cut. This is by far the hardest decision that we have ever taken in our lives,” stated the letter.

Source: The Hindu February 22, 2017 10:41 UTC