Rahul Yadav’s exit from Housing.com has proven beneficial for other employees in more ways than one

After sacking its most infamous employee, Rahul Yadav, Housing.com management called up a meeting of all employees in Mumbai to address their concerns.

As per a report published in the Economic Times, all the employees have been ensured by the senior level executives and investors that Housing is still capable of growing into a billion-dollar company. Discarding the reports of Quikr buying the real-estate website, the officials said that many companies were interested in buying Housing.com.

The meeting, attended by as much as 700 employees, lasted for about 3 hours. Questions like why Rahul Yadav, despite being a good product manager, was fired emerged during the meet and here is how company’s chief HR officer Ajay Nair answered it: "Decision was not taken with regard to his performance but because of lack of discipline."

Yadav was fired on July 1 for sending scornful emails to investors, his own board members, and a resignation drama, scandalous posts on social media and for instigating a number of controversies.

Housing.com employees, after the Yadav episode asked the management about job security and also about the shares Yadav had issued in favor of them earlier.

The three-year-old online real-estate firm, which competes with CommonFloor, 99Acres and MagicBricks, has attracted more than $120 million (Rs 760 crore) in funding and is valued at over Rs 1,500 crore.

Image: indiatimes