Layoff cycle

1. Most lowest, low to Mid ratings (identified by your manager) 2. High TC — if you are in the same level for a long time (> 3 years) and your TC is reaching the top of that band. 3. High initial stock grant (possible by great offer negotiation skills) and you are approximately in the 2nd or 3rd year (when you got the most pay) 4. those who get retention offer in the past and your TC is L + 1 but not performing at L+1. Time to cut the cost. 5. Coasters: if your manager carefully Evalates your criticality and concluded you are easily replaceable 6. People who consistently complaining their teams are too busy too much pressure too bad WLB are in danger too. How to minimize your chance of being laid off 1. Tell your manager you don’t need any tc increase，or tc is not your career goal 2 tell your manager you are willing to work hard and have no complaints. If you took 2 ppl work, no one will choose to let you go!

Employees who are top performers are laid off. Employees who are in a firm for a long time are laid off. Employees who are freshers are laid off. Employees from IIMs/IITs are laid off. Employees who work just to get the job done are laid off. Seniors are laid off. Juniors are laid off Hard working employees who get good ratings and give extra hours are laid off. Bad peforming ones are obviously laid off. Is there anyone who is safe. It's just at the mercy of few decision makers at the top and no matter what you do you will never be safe. Now I understand why parents say that government job is better.

following events occurred before and after layoff: (Layoff was planned long before just that GST gave a good excuse) 1. Two months back on call to employees they announced no need to worry we have good run way and we are doing good. They said all are safe. 2. A month back call happened again for GST calls 3. GST arrived 4. A call got scheduled informing mass layoff 5. Layoff happened, two types of people got affected, firstly who were not needed got laid off because they were being paid more than for what they contribute. Secondly, politics happened and people who are paid reasonably and even people who are getting less salaries and are hard working also got laid off 6. After a. successful execution of Layoff, since no body pin pointed about why such big cut just after the announcement, again a call got scheduled. 7. Hikes were announced for all and again the same promises what they did before layoff to all. 8. Party happened and good sleep because they achieved a great milestone. 9. next we will get to know after the long weekend. I am personally in pain seeing such good folks parting ways. Its called backstabbing. I know few folks very personally and they are cream but bad at politics and sycophancy. I hope god put them all in better place. Severance pay and laptop is not as helpful as a job at this point of time. The market is not good, MPL should have supported folks who were loyal to them.

#intuit #intuitLayoff

Someone in ur team or someone u had good relationship (work wise) with gets laid off? Do u discontinue working as hard? Does ur team velocity decrease or increase as everyone does better for survival? Just wanna hear from folks who have gone through this and does employer not see any affect in work? (E.g. Twitter case)

Just a random thought.. please shed some light!!

Almost 50% of the org got no increments People with "exceeds" rating got single digit increments Only promotion cases have got early to mid double digit increments Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Those who are earning more than 1 lakh per month. Share your journey how you reached there and also some tips.