Full story published in FORBES about Aditya Krishna Roy Vanam, only son of my friend Vanam Jwala Narasimha Rao and my niece Smt Vijaya Lakshmi - "Square is looking to grow if a recent hire is any indication.
(VANAM ADITYA KRISHNA ROY)
On Monday night, former Google GOOGL +0.92% executive Aditya Roy announced on his LinkedIn profile that he had joined the payments company to head up recruiting, human resources and diversity initiatives as its “Head of People.” Roy had been previously been working as Google’s director of people operations in the Asia Pacific region out of Singapore.
With more than 1,000 people in places including San Francisco, Tokyo and Melbourne, Square has gone from a startup that focused mainly on payment processing to a company offering a variety of small businesses services including loans, marketing and restaurant delivery. While the company came under heavy scrutiny last year after reports said that it was performing poorly had lost $100 million in 2013, the hiring of Roy suggests a different narrative as Square looks to expand and bolster its workforce.
“Adi bring to Square more than 15 years of people experience and a deep understanding of what it takes to build a strong, global organization,” said a Square spokesperson in an email.
Before joining Square, which raised $150 million in October at a $6 billion valuation, Roy spent almost 10 years at Google. He started there as a human resources manager in his native India after previously working at Dell and Career Launcher, an education startup. Roy officially started his new job on Monday, according to LinkedIn, and is based out of Square’s San Francisco headquarters.
The Square spokesperson did not comment on the company’s current financial performance, though CEO Jack Dorsey said in a recent interview with Buzzfeed that previous rumors of the company’s downward spiral were wrong. “The most negative press—the loss, the acquisition, the IPO—was just not based on reality,” he said. “We invested our money to grow the company, which every single company out there does. We chose not to focus on profit in order to focus on growth.”
“I think the biggest thing that the year of bad press put upon us and focused us on was how important it is to make sure that we have not just an internal cohesion but an external cohesion, and that there are visible connections between everything that we’re doing,” he added."
NOTE COURTESY FORBES.COM)