I left a corporate job of 8 years to join Playnetic. Within 3 months of joining, I was up for retrechment. Luckily my boss stepped in and I was kept on a half day basis, still a 50% drop in salary so not cool. Then about 6 weeks later, they retrenched me and whole bunch of other people.
It's extremely bad management to hire staff who let go solid jobs only to let them go within months! Where is your budgeting and forecasting???
They will hire and get rid of you without a care in the world. Management has no idea how to run a company and are heartless at impacting peoples lives in such a bad way.
The final insult is then having to wait and wait for them to decide to pay you in the end. So, not only do you get retrenched and you are without an income, they money due to you doesn't get paid on time. I eventually sort legal action.
Unless you are a trust fund baby who has not a financial care in the world, stay clear of this company. They are heartless, untrustworthy and incompetent people.