Loomos’ Post

Deepinder Goyal has asked a candidate to pay Rs 20 lakhs and work unpaid for one year as a criterion to be hired as his Chief of Staff. This is problematic on many levels. First, let’s address the basics. Is the opportunity to work with Deepinder Goyal worth Rs 20 lakhs? The simple answer is YES. But the same can be said about his VPs, Directors, and all the other people he directly works with. Does that mean he should ask all his direct reports to pay him money as well? There is undeniably significant learning involved in many prestigious opportunities, such as: - Working as the CEO of Google - Working as a VP at Zomato - Working as an engineer at Apple - Working as an intern at Meta The same can be said about 80-90% of companies. If you have two years of experience working for Amazon, you can command a good salary at your next job. Does that mean Amazon should ask you to work for free—or worse, pay them for the opportunity to work there? There are two possible explanations for Deepinder Goyal’s actions: - It’s a stunt designed to garner social media attention. - He’s like many other multi-billion-dollar founders, full of himself, and believes it’s justified to ask for Rs 20 lakhs in exchange for the privilege of spending time with him.

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