Dekho, he is making more money than all of us. He'll say whatever and we will listen

The rich can do whatever the f they want and get away with it

Founder

Nah bro, search what happened to John mcAfee and Jeffrey Epstein.

Software Engineer

Consultant

To an extent yes. The CEO is responsible for the layoffs and taking on more hiring. But in bull market, pretty much everyone overhired. It would most likely be more difficult to not over hire when everyone around you is scaling up people, tech, etc.  
 Apple is the only exception I have found. Back in India, many startups have also gone through multiple firings except for a very few.

Engineering Manager

Well it was around 15% of the total workforce so I guess execs were let fo off as well

I mean I get where he's coming from. I have seen those day in the life of a  videos and always wondered what work do these people even do? But isn't he also responsible for over hiring? That too fo...

I mean I get where he's coming from. I have seen those *day in the life of a ___* videos and always wondered what work do these people even do?
But isn't he also responsible for over hiring? That too for an industry that works on thin margins.

Am I the only one who found Spotify CEO's response to layoffs horsesh*t

Am I the only one who found Spotify CEO's response to layoffs horsesh*t- Grapevine

Spotify layoffs meme 😂😂

UX/UI Designer

Spotify is late to the party, but they are letting go 17% which is huge compared to others in one go. 
be careful with similar type of industry. pocket fm, Kuku fm perhaps?

Spotify layoff - 17% workforce

17% is huge, especially this late in the doom cycle  
 It feels like Spotify must be losing market share heavily against Apple Music, YT Music, etc.  
  
 The bundling of different subscriptions always wins over just separate standalone subscriptions

Corporate Strategist

Lawyer

Spotify Layoffs

Tech is slowly realizing that Elon was right and a huge amount of overhead is not necessary to grow these companies when you actually manage teams properly.

The markets are savage, Spotify trading at 8% higher after laying off 17% workforce

Product Manager

Welcome to News Discussion's Private Community

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that they will be able to build more and hence get more value / valuation sooner was the core reason why the skill to salary ratio got f’ed up. And it’s good that it’s being reset now. 
  
 Coming to who to blame for layoffs - no one. It’s pure capitalism - there was money, hence there were jobs. For whatever time people got paid a lot more than they deserved - they should be rather thankful. If they built their life around the assumption that this much money was the new normal, it was their naïveté. Companies got to survive, and they have to do whatever has to be done… as long as it’s ethical. Firing is fine. Not paying salaries / dues is not.

Founding Engineer

Software Lead

Udaan fired more than 150 employees after raising $340 million dollar

Welcome to Software Engineers's Private Community

100+ tech layoffs at Zomato just like swiggy and flipkart.

Software Developer

Imagine getting laid off and being subjected to a free financial planning lesson regurgitated over multiple clout-chasing accounts.
If they really care enough, why not use that clout to refer folks in need of jobs?

Clout chasers: Never letting a crisis go to waste

Program Manager

Welcome to Indian Startups's Private Community

https://twitter.com/sumitgh85/status/1695640877207826878?t=eQpa6iR6278_hB-lKctc0g&s=19

"We hired corporate bozos" lmao

Chingari CEO claims startup is generating profits

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!

Tech has failed to be a good employer; Layoffs are just one example

Not the way it works. 
It's a function of how fast an industry grows -> The faster it is, the more you have to hire in advance, because you know if the pace continues, you'll need as many. 

Railways needs 5K people this year, they need 5K next year
Google needs 5K people, they need 7.5K next year (if things continue) 
At startup needs 500 people today, it needs 2000 next year (if pace continues) 

So when the pace does not continue, the impact is equally drastic.
Startup fires 25-30%
Google fires 5-10%
Railway fires no one.

Growth Manager

The negativity brigade is out in full force against Unacademy lately. Honestly watching this relentless media agenda against us is like watching a bad tv show. As someone who's part of the team, I want to set the record straight.

First off, Gaurav Munjal is the smartest, visionary entrepreneur in the country. He's basically a genius. Like a legend, truly amazing! My observation is that people who are throwing a shade have never built a startup themselves or have never led anything more complex than a lemonade stand. They are simply jealous of Gaurav's awesome success. Meanwhile, legends like Bhavish and BeerBiceps are cheering Gaurav on. Coincidence? I think not!

Oh and layoffs! Every company does it – it's just business 101. Times are tough - stop whining and smell the coffee. This isn't a reason to target Gaurav. I see a lot of snowflake work-lifers who only want to work from 9 to 9 for 5 days. We did indulge you, didn't we? If you really don't want to be "laid off", what is stopping you from doing great work? Even better - why don't you start your own company and keep this stupid to 9-9-5 policy and "not lay off" these work-lifers who are a burden on your company?

Let's focus on constructive support and recognize the efforts of those truly making a difference.

Unacademy: Setting the record straight

Either he is EVIL or just have no idea how to communicate

Most startup founders are like this, zero empathy or care for humans. And this is just the tip of the iceberg.

Paytm layoffs have already begun two weeks ago and come as Paytm's Payment Bank has been barred by RBI from conducting several businesses.

Paytm layoffs: Job cuts across departments, team sizes to be trimmed by 20%

Paytm Layoffs: 20% gone

Senior Software Engineer

In 2020, Google made sweeping commitments to advance diversity, equity and inclusion in the wake of nationwide protests over racial injustice, which are now being cut.

Google Slashes Diversity Programs After Big Promises

This had to happen 😆

Business Development Manager

Work culture has become ultra toxic. Managers have started nano managing and literally are a pain in the ass. Product giving unrealistic timelines and leadership agreeing on the same without even consulting the developers and even if the developers are raising concerns, no fucks are given infact they are made to realise that this is how a startup should work. Literally everyone is working their asses off and still unable to meet the deadlines. Empathy is completely lost and WLB is a sham. People including me want to switch but are not even getting time to prepare.

Rant on Swiggy wlb

This is all trickling down from the Leadership, they are trying to cut down costs by any means. Already had one round of layoffs, now they are doing silent layoffs in the form of PIPs. 
  
 Also, Leaders have lost the long term focus and are trying to find out more and more short term projects related to profitability.  
  
 There was always this pressure of work, but in the past 7-8 months this has become unbearable with no empathy in the organisation.

Am I the only one who found Spotify CEO's response to layoffs horsesh*t

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