Layoffs in Finastra

I have recently got laid off from one of the Fintech firms. They have been silently letting off people since last year but the no. Of employees let go have been higher in the past 2-3 months. They have downsized by more than 100 people in the last 8-10 months to avoid PR disaster. Not naming the company but just wanted to know if this is right way to do it both from employee and employer perspective.

Also, please reach out to this guy if your org is hiring for Java/Spring Boot Developer

HR is having 15-20 meets everyday, anyone can confirm with their calendar. Multiple HRs multiple laid off people. Zero severance. They are pressuring people to resign and saying you have to resign today itself! Market is going to get flooded with Paytm folks. Worst regret is that management and CEO made bad decisions and flunked compliance / risk. But after crackdown by RBI they are making employees suffer. It is heard that this will continue to go on till months. There should be a course on how to behave and work like a CEO.

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Some companies I heard of, Airmeet Inmobi Simplilearn Spotdraft

Is this true? Their consumer lending app has been pretty much shut for a while and tough competition fused with frequent management diktats seems to indicate that this might be true.

Silent layoffs. Heard it from friends at Leap. I know a few folks who have been let go as well.

I got to know a senior leadership member at a popular startup suggested to deliberately do poor appraisal for an employee so that she resigns herself. Bad times ahead with companies forcing employees to join back offices and planning silent layoffs. PS: By "forcing" I mean not leaving employees with much of an option other than to quit.

Hearing of silent layoffs at Make my Trip, Flipkart and so many other companies. What are some of the ways in which these tech cos are silently firing people so they can avoid a bad headline?

they laid off around 30-40% of their strength.