Layoffs at service based companies

Heard analytics people are being laid off with 3 month's severance and new joiners from NITs had their offers rescinded. Is this true? Who all are going to be affected?

With overall experience of ~5 years and 2+ YOE in Analytics, I had started my job hunt. What are the companies in India which are currently hiring analytics roles for my experience level? What is the salary I can expect?

I am an entry level analyst in at Deloitte. Just wondering if these are some signs of a practice not doing great + potential layoffs in a few months/year. 1. Utilization: ~45% last quarter. They originally said that it was a slow start to the year with low CapEx by companies but we still don't look good this quarter now. There was a small call last night between a few people in this project level meeting and the senior management straight up said "Their is no demand and people are still on bench. We need to reallocate some headcount" 2. Headcount growth - Last 1.5 years ago, every month we had 10-15 people join our practice, This has literally gone down to 1-2 hires to replace people who have left. 3. Resignations: 6-7 people are leaving every month in my practice, which is quite harsh. Someone told me that everyone they used to work with when they joined have already left. 4. AI-pocalypse - I feel most companies think that they can now do AI inhouse and niche projects but higher costs because of MS/PhD folks working on it is something they dont want to go for anymore. If a layoff is incoming, what would be the best ways to prep? I see two options: 1. Getting on a boring sad project but long term. 2. Do nothing: I am literally the cheapest resource in the company so they would ideally layoff senior folks first, right??

Hi! I want to streamline my career in data science domain. Currently into data analytics role where mostly work is on data visualisation and predictive modelling. I want to grow in this field but I want those roles which are mix of both management and tech. Are there any such roles in this field? Or is it hardcore coding only? Would like to understand what companies look for in aspiring candidates in this domain? In which areas one should become proficient to get a heft package? and will this field grow in next 5 years and will it be more immune to layoffs?

Heard this morning from a friend who works at Accenture India, layoffs have begin once more. He said he is not sure if this is part of the 19000 that was announced during the earnings call.

Current recession giving ‘08 vibes to consulting companies in India: - Accenture Strategy considering layoffs - Deloitte (Consulting) considering layoffs - Mckinsey - already have done non-consulting layoffs - MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’) Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench. Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s). Brace for impact! (all unconfirmed, heard through ‘grapevine’)

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Could somebody throw some light on Department wise breakup of tech layoffs ? Someone working in swiggy would broadly know the numbers but nobody has shared. As in tech i believe there could be departments or BU as Data Science, Product, Analytics or add i missed anything here. This would be of great help navigating the current market scenario as we have SDEs have been hit specifically across the org, even geographies. But we don't have much info on DS, Analytics, product folks

Byjus Financial FY 22 Results will come out next week and internal news is that Byjus have done around USD 1 Billion revenue and same loss . One more round of layoffs happening soon with so many VPS being shown the door

Expedia is set to layoff 1500 employees. Everybody is just laying off people giving any bullshit reason https://officepulse.live/expedia-trims-workforce-in-restructuring-push https://economictimes.indiatimes.com/tech/technology/expedia-to-cut-about-1500-jobs-globally-amid-moderating-travel-demand/articleshow/108026228.cms