Kyte – Silent Layoffs & Rescinding offers

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Kyte – DriveKyte an SF Bay Area headquartered car rental company recently has been making sparks around social media. Where one of the new employee’s offer was rescinded just 3 days before his first day at work.

Ahmed – The distressed employee taking to Twitter, goes on to mention that the company never showed any signs of financial stress through his long interview process that lasted 6 to 7 rounds of interviews over the course of ~40 days and led up to a sudden notice of rescinding the offer that was previously finalized just days before his joining date.

It is also to be noted that Kyte – An on-demand car rental startup secured $200M in credit financing from Goldman Sachs and Ares Global Management in the last week of March.

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