Analyst

Software Developer

Startup India offers a lot of incentive to start a company and register as startup.  I think smart people found a way to launder money using these initiatives. Every body has a startup

Consultant

https://www.reddit.com/r/developersIndia/s/yp4gsLv03s  which company is this?

Welcome to Office Gossip's Private Community

https://www.reddit.com/r/developersIndia/s/yp4gsLv03s

which company is this?

100 member startup into construction laid off ~40%

Founder’s Office

100 member startup into construction laid off ~40%- Grapevine

Welcome to Indian Startups's Private Community

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Founders are not shitposting on the socials, so that’s good I think 😅

Software Engineer

80% laid off ? Seriously ?

One of my close friends is not liking the work in the current company due to the terrible WLB. He is planning to switch to a new company but doesn't want to show this current company experience of 3+ months. Have you ever come across such a situation? What's the best thing to do? If he reveals to the new employer then it won't be good on his resume because the company previous to the current one laid off 50% of employees and unfortunately he got affected too in that layoffs. So, due to tough market conditions he has joined a startup and realised that he can't sustain here for long.

Please guide if it's alright not to put the last 3 months experience in the resume and apply for new jobs.

Does hiding previous experience of 3-6 months create any trouble in the new company?

https://www.moneycontrol.com/news/business/startup/info-edge-ventures-backed-1k-kirana-lays-off-40-workforce-to-restructure-business-10359421.html

1K Kirana 40% layoff 600 ppl

One more round of layoffs at a Chennai based saas startup

Customer Success

Welcome to Software Engineers's Private Community

As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Reality check at Zomato

Founder

https://www.linkedin.com/posts/nishantmittaltt_yesterday-i-posted-an-analysis-on-apna-activity-7136198472654897153-hMwv?utm_source=share&utm_medium=member_ios

Damn. This is serious.

Founder of Apna lives in US, flies first class, has hired his best friends at huge salaries. More in the link below!

This represents the worst of the ecosystem
All of it happened during the peak bull market. Creating a blue collar marketplace made sense in the bull-bharat era. 

The rounds happened in a peculiar way too, most top investors didn't even get the chance to evaluate. It was all too quick. Tiger came in quick succession. 

Ultimately, we're now saying "The VC's were terrible negotiators & left him with 50% board seats so they cannot fire him". Well, of course. 

VCs created the hype. VCs face the brunt.

Investment Associate

https://www.businesstoday.in/entrepreneurship/news/story/startup-layoffs-sequoia-backed-smallcase-lays-off-4-employees-374171-2023-03-20

Smallcase layoff 4% (15 ppl)

142 engineers. Confirm if you know someone

Github India engineering completely laid off

Livspace layoff 2% or 100 employee. Majorly from tech, product, content and marketing.

Livspace layoff 100

Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week,
https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

Product Manager

Welcome to News Discussion's Private Community

PayPal layoff 7% of its workforce. Around 2000 employees get laid off.Can anyone confirm?

PayPal layoff

Project Coordinator

Almost 90% of the employees (appx 130) have been laid off with the remaining being absorbed by Affinidi India. Both of them are Temasek funded in-house ventures.

Layoffs at Goodworker!!!

Retention Manager

Laid off within 15 days of joining the job :(

I don't understand how the fuck the hiring team wasn't made aware of future cost cutting given its not a very big company. This is sad. I've myself been approached by them 2 weeks back. 😑

Data Analyst

Systems Architect

https://inc42.com/features/how-former-zynga-india-head-silently-shut-his-startup-after-slashing-150-jobs/

150 fired... how were so many hired without PMF in the first place? Lovely article btw, captures so much about what is wrong with funding and founders

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Layoffs:

Global
- Stripe 14%
- Opendoor 18%
- Twitter 50%
- Delivery hero 
- Chime 12%

India
- Udaan (tranches)
- Chargebee 10%
- Byjus 5%

Hiring freeze:
- Apple
- Amazon

100 member startup into construction laid off ~40%

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