What do these layoffs teach us ?

What are your learning from this layoffs wave?

There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld

Imagine if employees make a gang and threaten their workplace that we won’t be working for you instead of the company firing them now that makes more sense then only companies will understand the value of their employees

Your company just laid off 30-40% of employees. Why would you wanna work there and not immediately start looking for another job?

Got to know through my network that Brainly india has asked the entire team from their MD to all junior folks to go. Reason - sudden change in strategy.. they didn’t let the product even launch.. the team was in full swing prepping.. impacted folks 30+ or around that number.. within 6 months of hiring everyone.. while in the interviews they promised 5 years runway.. long term strategy for india.. ceo didn’t even apologise.. they come hire Indians and let go at the drop of a hat.. the employment contract said that either party have to give 3 months notice to resign.. so that’s what they did they are giving 3 months pay not in one go but month on month and after that nothing. No severance pay, no bonus paid to eligible employees, no help in finding jobs , no mental health support, medical finishes in 3 months.. in this time when hiring is on global freeze they have treated Indians like puppets come hire and fire when you want, they have money in bank account a runway for 18-24 months.. still they couldn’t hold on to india team.. heartless way of dealing with junior folks how will we find jobs

Arround 30% of the backend team at Devtron, Gurugram has been laid off citing performance issus which includes both Interns and full-time. The problem is they mentioned FTE on the offer letter of the interns still their offer were revoked. All of them were hardworking guys who used to work for more then 10+ hours a day in office, completing their task in ASAP. Performance was not an issue, they just wanted to layoff. Interns were paid 20 K per month and were expected to work like FTE with 1 to 2 year of experience. A month before they started pressuring to complete and handover all the task as soon as possible to get it into production 😂 so that they are in no loss. The layoff was done on the same day on the company organised a party to celebrate. This is for people who will be joining them as Inter n or FTE. Do not join the company if you are not ready for this thing and you are not ready for toxic management and work culture. Work life balance is 0 here Be ready to become a robot 🤖 if you still join.

Having recently been laid off, these last 2 months was a life changing experience and it taught me a lot of things than any degree or organisation ever did. Some pointers: 1. The people who make the decisions never get punished or are held responsible, its the folks like us who are the first to be pushed out of the door. 2. Its shocking to see the layoffs like firesale, affecting almost each and every company in the IT sector. But it makes you think, did some companies really need to layoff people or did they just do it to inflate their share price and Mcap. The upper management and LT are paid in crores to make the decisions and how could they unanimously fail in such a critical part of business planning. 3. Its all about profits. There's no humanity in any of these companies or rather the folks making the decisions and it doesn't matter if you have been with them for 2 years or 20. If I was responsible for 100 people under me and some of them lost jobs because of the decision I made, I would have stepped down myself and wouldn't be able to sleep at night knowing I uprooted the dreams and hopes of not just employees but their families as well, many of whom are sole bread earners of the family. 4. Treat your employer just as you would treat any brand outside when you go out to shop - treat it like a transaction and nothing else. This layoff also taught me to never compromise about your career and position within an organisation. If the organisation can layoff so many people without a second thought, there's nothing holding you back from joining the next organisation who is offering a better role/compensation. 5. Be a risk taker. Thankfully I have always been this and this helped me rise quickly in my 6 year career but it's my suggestion to everyone and not just folks affected by layoffs - Never get comfortable in any organisation or any role. Would love to hear what others think or went through during this difficult period.

Amidst 30000 strong Layoffs...20y experienced employees fired 🔥🔥🔥🔥

The negativity brigade is out in full force against Unacademy lately. Honestly watching this relentless media agenda against us is like watching a bad tv show. As someone who's part of the team, I want to set the record straight. First off, Gaurav Munjal is the smartest, visionary entrepreneur in the country. He's basically a genius. Like a legend, truly amazing! My observation is that people who are throwing a shade have never built a startup themselves or have never led anything more complex than a lemonade stand. They are simply jealous of Gaurav's awesome success. Meanwhile, legends like Bhavish and BeerBiceps are cheering Gaurav on. Coincidence? I think not! Oh and layoffs! Every company does it – it's just business 101. Times are tough - stop whining and smell the coffee. This isn't a reason to target Gaurav. I see a lot of snowflake work-lifers who only want to work from 9 to 9 for 5 days. We did indulge you, didn't we? If you really don't want to be "laid off", what is stopping you from doing great work? Even better - why don't you start your own company and keep this stupid to 9-9-5 policy and "not lay off" these work-lifers who are a burden on your company? Let's focus on constructive support and recognize the efforts of those truly making a difference.

It's getting dirtier by the day and sure some orgs are still up to their dirty tricks. The models: - Appraise and then Lay Off: Why bother putting bandaid on a stab wound? Anyways the folks are going to fight how to answer the ..why were you laid off war, and now you are adding another twist.. why were you appraised and then laid off? - Low appraisals to force quit: Undervalue them so they leave on their own. It’s a leeches way to cut costs. Kill morale 100%. Severance penny spent $0. - Trap them in PIP: Dress it up however you want - very very few escape this death sentence. - Silent treatment: No assignments, No meetings. Watch them spiral into anxiety and leave to save their sanity. - Workload overload: Drown them in work until they break. No need for layoffs list until they make it to your collapse list first. - Strategic reorg: Re-organize them out of existence. Offer a demotion or a proxy role in a random team that you know they dont want as an alternative. - Sudden policy changes: oh! I have seen so many I can't keep up with this one. New policies that make their life hell. People leave to escape your pettiness. - Mandatory relocation: Demand they move to an undesirable location. Then you treat remote employees like outsiders. Exclude them from key projects, conversations until they feel like foster care kids, second-class citizens. You know the outcome from there on. - Use the "Culture Fit" excuse: Call out how they’re not a culture fit. Vague, unchallengeable, and forces them out without severance. And don't sell me "the org has got to do what it has got to do to survive" line. I don't buy that If you have seen this being done, I understand your silence, but I don't value it. If this has been done to you or someone close to you, I am sorry. Orgs and the people failed you. We could be 1000x better than what we are operating as.