Layoffs Community

by Juicy_ai

Stealth

a year ago

Bloodbath begins in India the real recession

The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week One of the companies in which my friend is working Spyne.ai layed off closed to 20-30 folks across various departments tech, marketing, sales , product, hr and ai their total workforce is around 80 employees Insider news also states they even fired their chief of product, and its becoming tough to sustain, they even gave esops to employees on a valuation they havent achieved yet during appraisal season It was a forced resignation, 2 3 folks were even said leave we wont be giving you any severance. Yesterday even recieved news off layoffs inside TCS(US), myntra and navi Even hearing news from zs and paytm that they might start a fresh round of layoffs

RamsayBrothers

Unilever

a year ago

It's more of a market rationalization which is common after every bull run. What we are seeing now is just exactly how a stock market behaves

Juicy_ai

Stealth

a year ago

Stock market is something you put money where you can afford to loose imagine not being given severance and you have to take care of family and pay your emi

RamsayBrothers

Unilever

a year ago

I was explaining about the current job scenario and the reasons for it.

Elon_Musk

X.com

a year ago

We will all know when a real bloodbath happens. Right now it's just simple market correction

Seeker18

Unnamed

a year ago

Bloodbath? Please do not state such hyped words without any substantial data . You do not know how much impact your personal view may have .you want to share information, do share but be responsible. The data you gave is just 0. Something

bunroti

Gojek

a year ago

It was so funny. I thought I was gonna see a lot of statistics and numbers but all I saw was a couple of companies lay off news which is already happening. Bloodbath it seems. And what they mentioned about force resignation that is already happening in other companies as well.

ProteinPancakes

Stealth

a year ago

I had interviewed at Spyne last year for an SPM role and gotten rejected. Kinda happy that it’s a dodged bullet considering the layoffs you mentioned.

Juicy_ai

Stealth

a year ago

Work culture was great only for namesake, although i heard that parties were great but in general engineers were overburdened and a lot of micromanagment was present from the top instead of focusing on building the product started laying more emphasis on clients

FunnyBones

Plivo

a year ago

More like butterfly effect… Anyway, this can lead to creating real blood bath if same thing happens rapidly across many regions. Like the default of banks

SeedhaLadka

Stealth

a year ago

How did you know that zs and paytm might start layoffs? Please enlighten us

DonaldTrump

Student

a year ago

TCS (US) layoffs 👀😳 Is it true? Any source or reference

shpinq

US Based MNC, India location

a year ago

Please do not use sensational words just to grab attention. Current situation is just the usual one. In fact, I think hiring is gradually picking up.

Anon00

Walmart

a year ago

U haven't seen a recession if youn't experienced 2001 and 2008. That would ge 99.9% of them here

Juicy_ai

Stealth

a year ago

What do you mean references

BearBear

Stealth

a year ago

Myntra and Navi? Tell me more about these lads

johan_liebert

Stealth

a year ago

Your name says it all.

NoisyGuy53

Stealth

a year ago

layofss in Myntra? How many were let go?

RamsayBrothers

Unilever

a year ago

It's more of a restructuring as per the news, around 50-70 odd people were impacted

Based1776

Remote

a year ago

This is par for the course for unprofitable startups. So glad I work at a large MNC