This co is paying employees to quit and start biz

Bengaluru-based company iD Fresh Food India is offering employees financial support, mentorship and access to its business network to encourage them to quit their jobs, start their own businesses and return if needed. The unusual policy was introduced by the company's global CEO Musthafa PC, who announced it on LinkedIn. Employees will receive three forms of support: access to the company's partner network, mentorship from the leadership team, and a partially paid sabbatical during their entrepreneurial journey.

The most interesting aspect of the policy is the option for employees to return to the company if their entrepreneurial ventures do not work out. Musthafa PC shared that the policy reflects his own entrepreneurial journey, starting iD Fresh Food in a small Bengaluru kitchen with an initial investment of Rs 50,000. He wants to extend similar support to employees who want to build their own businesses, despite the emotional difficulty of losing some talented employees.

The policy comes at a time when several major tech companies, including Microsoft, Google, Meta and Qualcomm, are reshaping their workforces through voluntary exit offers, job cuts and restructuring.