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A couple of days back, EY employee Anna Sebastian Perayil’s death had left the entire nation shocked. The 26-year-old’s mother had blamed <keyword id="21541838" type="General" weightage="20" keywordseo="work-stress" source="keywords">work stress</keyword> for her death. The incident reignited debates about the importance of <keyword id="19901232" type="General" weightage="20" keywordseo="work-life-balance" source="keywords">work-life balance</keyword> and people took to social media to react to the incident. Now, yet another tragic incident has unfolded in Jhansi. <h2>42-year-old <keyword id="19955371" type="General" weightage="100" keywordseo="Bajaj-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Bajaj Finance" meta.hostid="261" meta.entityid="Bajaj Finance">Bajaj Finance</keyword> employee dies by suicide </h2> A 42-year-old area manager, employed by Bajaj Finance, was found dead in his home on Sunday morning. According to a PTI report, the employee, named <keyword id="23381707" type="General" weightage="20" keywordseo="Tarun-Saxena" source="keywords">Tarun Saxena</keyword>, ended his life by hanging, leaving behind a suicide note in which he alleged severe work pressure and <keyword id="20186119" type="General" weightage="20" keywordseo="mental-harassment" source="keywords">mental harassment</keyword> by his superiors. Tarun Saxena’s body was discovered by his housekeeper, who immediately alerted his family. The local police, as per a ET report, confirmed the recovery of a suicide note, which contains accusations against his senior colleagues. <h2>What was in the suicide note? </h2> In the letter, Saxena revealed he was facing immense pressure to meet recovery targets, stating that his seniors had threatened him with salary deductions and the possibility of losing his job if he failed to achieve the required quotas. According to Saxena’s note, the pressure to meet unrealistic targets had left him mentally and physically drained. “I have not slept for 45 days. I have hardly eaten. I am under a lot of stress. Senior managers are pressuring me to meet targets at any cost or quit,” Saxena wrote in his final letter. He also mentioned that employees were forced to cover missed loan payments from their own pockets, adding to the financial burden. I am very tense about the future. I have lost my ability to think. I am going”, the suicide note added as per NDTV. Saxena reportedly also named his superiors in the note and urged his family to file a police complaint against them, holding them responsible for his death. His family, still grappling with the loss, has yet to lodge an official complaint with the authorities. However, the local police have assured that an investigation will be conducted if a formal complaint is registered. Superintendent of Police Gyanendra Kumar Singh confirmed that a post-mortem has been ordered, and the police are prepared to take action pending further developments. Tarun Saxena’s death sheds light on the growing issue of <keyword id="22447710" type="General" weightage="20" keywordseo="workplace-stress" source="keywords">workplace stress</keyword> and its tragic consequences. Bajaj Finance, at the centre of the allegations, is yet to issue a formal statement regarding the incident. <h2>“He was mentally tortured,” says cousin</h2> The 42-year-old’s cousin, <keyword id="20130532" type="General" weightage="20" keywordseo="gaurav" source="keywords">Gaurav</keyword> Saxena, corroborated his late brother’s claims. He said that a virtual conference that was held on Sunday morning, involving senior managers, further pushed his cousin to the breaking point. Gaurav also alleged that during the call, abusive language was used, and his cousin was humiliated over his inability to meet the stringent recovery demands. "In the morning, he was mentally tortured by his regional manager Prabhakar Mishra and national manager Vaibhav Saxena. Abuses were also hurled at him during a conference, which was held virtually. He was quite frustrated since that (Saturday) night, following which he took the extreme step (on Sunday),” Gaurav said as per a report in PTI. He added, ”He was told that in case of non-fulfilment of the target, he would have to pay from his own pocket. He was assigned areas like Moth and Talbehat for collection, which are rural areas.” (With PTI inputs)

‘Being pressurised to meet targets at any cost, I am leaving’: Bajaj Finance employee dies by suicide, leaves note blaming work stress

Dear reader, Yet another week comes to a close and India's financial landscape saw a slight dip after reaching for the skies last week. Yet, speculations around <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> possibly reaching the coveted 100,000 mark in early 2025 are on the rise. Meanwhile, excitement is building for Coldplay’s upcoming concert in January next year. However, there is some bad news for those who have purchased or sold tickets via unauthorised means. BookMyShow has lodged an FIR to investigate the illegal sale and purchase of tickets. On a more somber note, the tragic passing of a <keyword id="19955371" type="General" weightage="20" keywordseo="Bajaj-Finance" source="keywords" meta.keywordsubtype="org" meta.entityname="Bajaj Finance" meta.hostid="261" meta.entityid="Bajaj Finance">Bajaj Finance</keyword> employee made headlines this week and reignited discussions around the pressing issues of <keyword id="22447710" type="General" weightage="20" keywordseo="workplace-stress" source="keywords">workplace stress</keyword> and mental health. Coming to what’s happening in the corporate world, <keyword id="19904608" type="General" weightage="100" keywordseo="Amazon" source="keywords" meta.keywordsubtype="org" meta.entityname="Amazon" meta.hostid="261" meta.entityid="Amazon">Amazon</keyword> is considering a major overhaul of its management structure that could see thousands of <keyword id="21263592" type="General" weightage="20" keywordseo="managerial-roles" source="keywords">managerial roles</keyword> eliminated by next year, aiming for increased efficiency and significant cost savings. Additionally, popular YouTuber Ranveer Allahbadia recently faced a hacking incident, raising awareness about the importance of online account security and the necessary steps for recovery. Join us as we explore these compelling stories and more, helping you stay informed and engaged in this ever-evolving landscape. <h2>Top stories of the week: </h2><h2>Will Sensex touch the coveted 1,00,000 mark early next year? Experts weigh in </h2> The Indian stock market experienced a significant growth, with the BSE Sensexsurpassing 85,000 points last week. However on Thursday, October 3, the Indian stock market faced a substantial decline. Bothbenchmark indices, Sensex and Nifty 50, ended the trading day down by more than 2%. Meanwhile, analysts are speculating that the index could reach the 100,000 mark by early 2025, bolstered by a ₹57,359 crore inflow from foreign investors in September—the highest in nine months. <a href="https://www.businessinsider.in/stock-market/article/will-sensex-touch-the-coveted-100000-mark-early-next-year-experts-weigh-in/articleshow/113797957.cms" data-type="tilCustomLink" target="_blank">Read more </a> <h2>Coldplay India 2025 concert: BookMyShow might cancel tickets sold through unauthorised channels, files FIR</h2> BookMyShow took legal action against unknown scalpers involved in the reselling of tickets for Coldplay's "Music Of The Spheres World Tour " in India. The online ticket platform filed an FIR with the <keyword id="19906039" type="General" weightage="20" keywordseo="Mumbai-Police" source="keywords" meta.keywordsubtype="org" meta.entityname="Mumbai Police" meta.hostid="261" meta.entityid="Mumbai Police">Mumbai Police</keyword> on October 2, accusing scalpers of black market activity surrounding tickets for the band's highly anticipated shows in January 2025 at DY Patil Stadium in Navi Mumbai. BookMyShow might even consider cancelling the tickets purchased through unauthorised sources. <a href="https://www.businessinsider.in/business/news/coldplay-india-2025-concert-bookmyshow-might-cancel-tickets-sold-through-unauthorised-channels-files-fir/articleshow/113925164.cms" data-type="tilCustomLink" target="_blank">Read more </a> <h2>‘Being pressurised to meet targets at any cost, I am leaving’: Bajaj Finance employee dies by suicide, leaves note blaming work stress </h2> A couple of days back, EY employee Anna Sebastian Perayil’s death had left the entire nation shocked. This week, yet another tragic incident has unfolded in Jhansi. A 42-year-old area manager, employed by Bajaj Finance, was found dead in his home on Sunday morning. According to a PTI report, the employee, named Tarun Saxena, ended his life by hanging, leaving behind a suicide note in which he alleged severe work pressure and mental harassment by his superiors. <a href="https://www.businessinsider.in/business/news/being-pressurised-to-meet-targets-at-any-cost-i-am-leaving-bajaj-finance-employee-dies-by-suicide-leaves-note-blaming-work-stress/articleshow/113843117.cms" data-type="tilCustomLink" target="_blank">Read more </a> <h2>Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley</h2> Last month, CEO Andy Jassy announced plans to boost the ratio of individual contributors to managers at Amazon by at least 15% by the end of the first quarter of 2025. By reducing the number of managers, Jassy aims to streamline operations, eliminating unnecessary layers of management and enabling the company to operate more efficiently without bureaucratic obstacles. This initiative could potentially result in the loss of around 13,834 managerial positions by early next year, which Morgan Stanley estimates could lead to cost savings of between $2.1 billion and $3.6 billion, according to a note released on Thursday. <a href="https://www.businessinsider.in/tech/news/amazon-could-cut-14000-managers-soon-and-save-3-billion-a-year-according-to-morgan-stanley/articleshow/113918663.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>Ranveer Allahbadia YouTube channel hack – What steps should you take to protect and recover your account? </h2> Ranveer Allahbadia, widely known as BeerBiceps, recently faced a setback when his YouTube channels were hacked, leading to the deletion of all his videos and the renaming of his channels. However, YouTube has since removed the hacked accounts, and they were restored today, along with all the original content. While Allahbadia, as a prominent YouTuber, was able to regain access to his accounts with relative ease, not everyone has the same resources or connections. This situation highlights the importance of knowing how to safeguard your account and the steps to take if it becomes compromised. <a href="https://www.businessinsider.in/tech/news/ranveer-allahbadia-youtube-channel-hack-what-steps-should-you-take-to-protect-and-recover-your-account/articleshow/113738508.cms" data-type="tilCustomLink" target="_blank">Read more </a><h2> Top web stories of the week</h2> <a href="https://www.businessinsider.in/stock-market/webstories/indias-biggest-ipos-by-issue-size/slidelist/113916108.cms" data-type="tilCustomLink" target="_blank">India's biggest IPOs by issue size</a> <a href="https://www.businessinsider.in/thelife/webstories/9-effective-brain-exercises-to-improve-memory-and-focus/slidelist/113622167.cms" data-type="tilCustomLink" target="_blank">9 brain exercises to improve memory and focus</a> <a href="https://www.businessinsider.in/travel/india/webstories/tired-of-jaipur-check-out-these-7-alternative-places-in-rajasthan/slidelist/113819793.cms" data-type="tilCustomLink" target="_blank">Tired of Jaipur? Check out these 7 alternative places in Rajasthan</a>

Weekend wrap: Experts talk about Sensex reaching 100,000 mark, Amazon plans major managerial cuts

<ul><li><keyword id="9593075" type="General" weightage="20" keywordseo="uable" source="Orion">Uable</keyword> had started off as an online life skill development platform for students aged 6-12 in 2020.</li><li>In its current form, Uable is a mix of LinkedIn, Instagram, Snapchat and Facebook, but only for teens.</li><li>Zee5 and Big FM’s former CEO Tarun Katial is also working on a similar offering that focuses on women.</li></ul>After spending nearly seven years building one of India’s biggest <a href="https://www.businessinsider.in/business/startups/news/vedantu-the-last-and-biggest-rival-of-byjus-has-finally-entered-the-unicorn-club/articleshow/86614637.cms">edtech companies, Vedantu</a>, Saurabh Saxena is now on a journey to take on <keyword id="6354632" type="General" weightage="20" keywordseo="social-media" source="Orion">social media</keyword> platforms like Instagram and Snapchat by building an offering exclusively for teens. His latest venture Uable had started off as an online life skill development platform for kids aged 6-12 in 2020. The company had also raised close to $5 million from marquee investors like 3one4 Capital, Inflection Point, Pine Labs’ Amrish Rau and others. Saxena claims that the other model was working just fine, both parents and students enjoyed their method of skill development in a creative manner. Saxena’s seven-year-old daughter was also a user of the platform. However, Uable decided to pivot its business model to focus on a much larger audience. This switch in model was one of the reasons why Chiratae Ventures had decided to back the company in the first place. The company decided to move on to become a social media platform for teens as there were no dependencies on convincing parents to buy the product for their kids or on salespeople to sell the product. “That [the previous model] becomes a very non-scalable or very different proposition that I didn’t want to do as a founder or a team member as well,” Saxena told Business Insider. Previously, Saxena has built two edtech ventures — chain of institutes Lakshya and edtech company <keyword id="2016957" type="General" weightage="20" keywordseo="vedantu" source="Orion">Vedantu</keyword>. Where does the social network come into play? Saxena explained that Uable is a mix of LinkedIn, Instagram, Snapchat and Facebook, but only for teens. The platform allows an open and free space to teens on the internet, without exposing them to harmful content that is currently available online. It also helps students explore academic, career and learning opportunities. “Teenage is a great age to build a social product for… They spend so much time on the Instagrams of the world, Snapchats of the worlds. What they end up consuming, I mean it’s okay, I won’t say everything is crap. But at the end of the day what I believe is that social platforms need to change and become more and more valuable,” he added. Saxena said, “The core value proposition for Uable is this is the place where a teenager comes, can explore a diverse set of interests right from gaming design, art and design, love and relationship, career, skills, exams. We have a club on exams also if you want any help, if you want to join any study group also. So you explore your interests, you make new friends… Teenagers are looking to make interest-based friends and expand their network. There are only two kinds of crowd allowed on the platform. First, the teens themselves. Second, verified businesses that serve this segment or have opportunities for them. It is the second set of users that offers monetisation opportunities for Uable. The company rewards teens in the form of virtual coins to use each feature on the platform — liking photographs, uploading content, interacting with others and more. These coins can then be used to avail discounts on the sellers and businesses listed on the platform. The company wants to expand these businesses available on the platform and grow its library of e-books, audiobooks and more such digital assets for platforms. Ensuring safety for children online Indian media executive and business professional Tarun Katial — who has previously led Zee5 and Big FM as founder chief executive — is also working on a similar offering called Eve World, but solely focusing on women. He started working on the platform in 2020 after his wife, media veteran Monisha Singh Katial, was <a href="https://www.businessinsider.in/business/startups/news/tarun-katial-is-launching-social-network-for-women-after-leading-bigfm-star-india-and-zee5/articleshow/88171342.cms">trolled on social media platforms.</a> While there is no such motivation for Saxena, he does believe that there is a need for such a platform where teens can brainstorm and grow their own social circles. The company is also ensuring safety of these teens on the platform by filtering out harmful, abusive and disturbing content on the platform. Teens can report any negative comments on the platform, the content would be taken down and users may be blocked too. Uable will also bar the use of certain words on the platform — both publicly and in private chats. The company has however ensured that it would not be reading out any of the private chats of these teens, respecting their privacy, but will enable some alerts for certain words to prevent bullying on the platform. According to United Nations Children's Fund (UNICEF), more than a<a href="https://www.unicef.org/protection/violence-against-children-online"> third of young people in 30 countries</a> are being cyber bullied and one in five children skip school because of it. Meanwhile, eight in 10 children in 25 countries report feeling in danger of sexual abuse or exploitation online. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/retail/news/asias-richest-man-mukesh-ambani-is-on-a-shopping-spree-for-private-fashion-labels/articleshow/90439055.cms">Here’s why Asia’s richest man Mukesh Ambani is on a shopping spree for private fashion labels</a> <a href="https://www.businessinsider.in/business/startups/news/ola-is-going-to-acquire-ceo-bhavish-aggarwals-brothers-firm-avail-finance/articleshow/90433830.cms" data-type="tilCustomLink">Ola is going to acquire CEO Bhavish Aggarwal’s brother’s firm Avail finance</a> <a href="https://www.businessinsider.in/india/news/petrol-and-diesel-prices-hike-the-third-time-this-week-in-india/articleshow/90433724.cms">Petrol and diesel prices hiked for the third time this week in metro cities</a>

How this former Vedantu cofounder is taking on Instagram and Snapchat to build social media for teens

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‘Being pressurised to meet targets at any cost, I am leaving’: Bajaj Finance employee dies by suicide, leaves note blaming work stress

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Weekend wrap: Experts talk about Sensex reaching 100,000 mark, Amazon plans major managerial cuts

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How this former Vedantu cofounder is taking on Instagram and Snapchat to build social media for teens

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