layoffs.fyi^-1

"If you have to conduct layoffs, which is always a regrettable thing, there's kind of three things that are very important. One is to communicate well with your employees in order to help them understand why it is you're doing, and how. Second is to make sure that the employees who are part of the go forward, understand kind of what happened and are not like the ground doesn't keep moving. It's like, okay, we did that, we're moving forward, here we go. And then for the employees that you unfortunately have to let go, try to provide as much support for them as possible." ~ Reid Hoffman

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😊

Hey, I've been working as a Frontend Developer at a startup in Hyderabad for the past 2.3 years and I've also worked on backend projects unfortunately, over the past year management hasn't been able to secure new projects on Monday my 4 colleagues had 1 on 1 discussions with HR and were given a month to find new jobs. If they can't they will be terminated in 2nd month I'm currently on a project but with less amount of work—should I be worried? It seems like they plan to terminate 4-5 employees every month.

Meesho to layoff 15% workforce today.