Swiggy forcing pip and silently laying off with absurd reasons

I've been sensing some uncertainty at my workplace, and it's making me think about preparing for the possibility of layoffs. 1. How does one manage uncertainty before a layoff, and what should be the mindset? 2. What practical steps do you take financially ? Any insights on budgeting? 3. In a job transition, how do you proactively develop skills while managing work I would like to hear your thoughts and advice on how to be well-prepared mentally, financially, and skill-wise for possiblity of layoffs

PIP on the raise at Swiggy, saw couple of post with good fellas leaving. can someone confirm or deny this fact that PIP is used a weapon to downsize the teams in order to show profit for upcoming IPO next year?

Since there's many Swiggy employees here. I love Insanely Good. I've stopped ordering from BB / Instamart, Blinkit and my local shops. 1/ User Interface - just amazing 2/ Quality of Ingredients - the best amongst online retailers 3/ The no door bell delivery - a basic need now. BB guys don't go away till they count every last tomato at 7am. What I want to know / suggestions from my side 1/ Are you scaling up in Mumbai/ Delhi? Would love to hook my parents on to it. 2/ Is the business generally doing good? I've referred it to 3 people so far and they've all started using it. Hopefully this isn't just me in an odd power iser cohort 3/ Can it get bundled in the Swiggy Credit Card? I shop for all my groceries here, nothing better than the card extending benefits to me. 4/ What about Meat? If I can get good quality chicken, prawns, fish sourced locally it'd be amazing. Even just a tie up with lucious, I'll order it from your app. 5/ Looking forward to your inventory expanding - many minor gripes with items missing across sections.

What's happening at Swiggy?

What’s happening at Swiggy? Which teams are being laid off and how is the process being handled? Hope not the way Sharechat did.

Just like last year, this year too... Somehow found out about it via news. There was chatter about it over the last couple of days, but didn't think it could just happen. It's a long weekend now and not even sure when people will be informed :/

I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid. To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later, they did open layoffs, did it again in 2 months, and one of my friends there heard the founders cracking a laugh that even the investors wouldn't have expected us to do this so fast. I joined another company, they lost the client I was hired for, and few more clients, I was told they will have to do layoffs and my name is in the list. So they asked me to resign and I refused by saying we'll consider a last working day, if I get an offer I'll resign otherwise anyway I'll have to be laid off and they agreed. This happened one month after I had joined this company ( also a startup ). So, being laid off once was already a big enough punch of reality, with an education loan on my head. I joined another company and got laid off again. Tough shit. I ended up getting an offer before my lwd. I am not from any IIT, I am not an exceptional engineer. I am very bad interviews, my resume usually doesn't get shortlisted. Sheer volume of effort I put made the impact on me getting a job. Right now I am the best job of my career, with a better management. Trying to say, it's a tough time. But you'll get through it.

Heard that more than usual PIPs are happening. Trying to push people out?

Such a sad day for all of Swiggy folks out there. 💔 Swiggy’s private feed is full of layoff messages. More power to you guys, Swiggy doesn’t deserve you. You will do better wherever you go. ❤️ Please reach out to me in DM’s if you need any sort of help or referrals. Will try my best to help in any ways I can. Some of them worked their ass off for NYE and now this is how they have rewarded them. Everything looks like a script from last year. Same fu*king 5-10 min speech for the layoff announcement. Same severance, same method used for the layoff. Now the same consolation phase will start for the existing employees by the leadership. I hope I am wrong, but with the current ways of working, Swiggy is doomed to fail!