Layoff in India vs US

What's up with the HR-Tech folks? Anything cooking in this industry Recruitment is a 200 yr+ old industry - Why are only a few B2B startups in this space? (Zoho, GreytHR.. - Can this industry get rid of Agencies? - What USP can help in this space? Anyone who can help get insights?

Looking at so many layoffs at Google, Cloudflare and FAANG-type comoanies; that too in spite of having profitable quarters makes me think of FAANG is a curse instead of blessing? Anyone with similar thoughts?

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..

Instead of giving out the severance, they’re asking for resignation. And what’s worst is if you don’t resign they won’t give you experience letter and full and final settlement.

If we look at layoff trends in India, then late stage IPO headed startups are doing it to boost profitability, or mid to early stage ones where they're trying to fit into a viable biz model. some mid sized MNCs also did layoffs where they have seen hit to their books.. all in all, crux was similar - to boost efficiency and eliminate redundancy. Then comes the companies with their support teams in india or US/EU banks and their ops outsourced in India.. i mean if you got friends in these firms you would understand how chillax they're about this. Take the example of AmEx...there's so much slack in the company, got few friends there and all of them don't work more 4 hours a day and that too most of the work some excel and next to shit level of python/sql while their salary in almost 90-95% of avg market (similar to what top paying startups).. Along with that teams are operating at 150% of strength so wlb is heaven there. story is similar with folks in similar US based support ops in india (citi, jp morgan, mastercard, some service based orgs etc) but look the irony of overall market.. you should be efficient and scared about your job as long you're into startups and Indian firms but once you make it captive or offshore centres of these US based firms.. you're life is chill, relax, no bad wlb, practically no layoffs. so you won't find these folks scrambling across GV or fishbowl or like that and getting stressed about seeing how other folks feel when one of the closer startups decided to restructure (i am frustrated because i once let go a offer of top US fintech company to go for a startup and now all i have is regrets given how the events across startup ecosystem are folding like layoffs across Fk, swiggy etc.. and not only layoffs but in general WLB and culture has taken a huge huge hit ::///// ) well it is what it is i guess then :,)

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.

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

The economy went down? Yes. Did it affect all kinds of companies? Yes Did the banks fire any one? No Did the Railways fire anyone? No Did the media agencies fire anyone? No Did Large Tech companies and IT fire people? Absolutely yes Tech is the most ruthless-stupid sector that is so flimsy and short sighted that it doesn't care jack-shit about employees Tech companies will pay employees large salaries in a heartbeat, they'll hire 1000s of them and then fire 100s of them in a heartbeat destroying careers. Sigh!

Hey guys Got Piped and laid off by my toxic manager giving bullshit reason. The manager was giving random excuses when i asked in details. Anyways toxic people will do toxic things only. On the top of that phonepe was giving PIP to reduce experienced people and was hiring junior engineers to reduce costs. Finally got a job after few months of efforts. Not that great but I am feeling great to get out of that toxicity. I am feeling better since I left phonepe. When I call my friends back at phonepe, I see them casually mentioning there is too much work I will do on weekend, will sit at night. That's how overworking in normalized. I was also doing the same before and didn't think twice how much I am working. I Will keep on preparing and would not leave my future in hands of my future or any manager from now on.