Employee stole Bengaluru CEO's passport with valid US visa following layoffs

Saarthi AI, a Bengaluru-based startup, appears to be in deep difficulties. In an effort to become profitable, the corporation made massive layoffs last year, and numerous employees' salaries have allegedly been withheld since March 2023.Now, the CEO of Saarthi AI claims that a former employee took his passport, which had a US visa.

Why did the company have layoffs??

Vishwa Nath Jha, founder and CEO of Saarthi AI, told news agency PTI in July that the company had to lay off some staff in order to become successful. He cited "investor pressure" as the reason for the layoffs.?

What happened with the CEO??

Credit: Canva | Jha said that a top employee took his passport

A study published in Entrackr today adds a new aspect to the story. Speaking with the tech news website, Jha said that a top employee took his passport, preventing him from travelling abroad to secure additional funding for the struggling company."While I was able to reissue a new passport, I have yet to obtain a US visa again. "There's a long line," Jha added.

He denied reports that employees' salaries were being withheld. Jha claimed that no salaries have been withheld and that the allegations are an attempt to smear the AI business. "We're planning to fill key positions as it negotiates deals [business] with several banks and NBFCs," according to him.?

How did the employees of the company react??

As per reports, current and former employees of the organization, however, have contrasting stories to tell. The huge layoffs that occurred in September of last year decreased Saarthi AI's employment to 40 personnel.?

Entrackr spoke with approximately a dozen employees, all of whom indicated they had yet to receive their outstanding salaries.?

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