Yes.. Although I have Esops whose Value is like 1/10.. You live you Learn.. But I am still happy for the students / users of india and edtech future(considering No one would trust Byjus and its crazy sales ) hopefully someone else would build something in Edtech that has true value to users rather than valuation.

Software Engineer

Senior Consultant

Product Manager

Discord Layoff 17%

Discord Layoff 17%- Grapevine

170 people impacted 
Link : https://www.theverge.com/2024/1/11/24034705/discord-layoffs-17-percent-employees

Discord lays off 17 % of its workforce

Corporate Strategist

They fired almost 50% of the workforce

Aug 2022: 20%
Nov 2022: 22%
Feb 2023: 7%

Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.

Affected in Turing layoff number 3

Analyst

is it only going to get worse in the upcoming months?

Highest number of layoffs since Mar-2023

Software Developer

Welcome to Personal Finance's Private Community

For the first time in these many years, i have got a hike of only 7%, the reason stated is on going concerns in US market. But it is very difficult to digest the same as 2 years prior i got a hike of 26% and now only 7%. I feel being broke as giving an organisation your 5 years of handwork, 7% is nothing. Has anyone else faced this in 2023 ?

Decreasing increment%

Team Lead

Layoff

Program Manager

Leadership is clueless and one of the most toxic workplaces where people are bullied and no boundaries are considered 
.Just a week before the appraisal cycle, the let go of 100+ folks both billed onsite and offsite without even informing anyone in the team which impacted the work and morale of existing people. When asked about this to the management, all they cared about was the reviews on the ambition box and Glassdoor being low. They asked employees to give good reviews and when it was not working they used the marketing team to give good reviews, you can check the reviews yourself to verify this. The next big thing is , keeping org wide evaluations from manager level also and calling it some development program and mandating the employees to take it along with delivery work. So we can expect more rounds to happen going forward. What is more sad is the blackmailing and forcing employees to take down reviews and  employees who are planning to goo

TheMathCompany - Layoff more than 30% workforce in 6 months

Data Scientist

https://twitter.com/Megatron_ron/status/1752423099117498813?t=Opv2CVizjmI6VrTKhVEIQA&s=19

Crazy numbers! Didn't know it was happening in large numbers

Layoffs in the west in Jan 2024

Amazon silently mass laying off even before Jan 18 2023

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

Lawyer

Welcome to News Discussion's Private Community

- Discord
- Google
- Beam Benefits
- Amazon
- X
- Twitch
- Humane
- Unity
- Cloudflare (unannounced layoffs, shared by ex-CF folks on LinkedIn, Tiktok)
- Duolingo

Companies that have laid off so far

Welcome to Indian Startups's Private Community

Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days

Also Dm if you can refer for sde jobs, thanks

Simpl Layoffs

Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)

https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams

Indeed laid off 15% 2,200 ppl

Welcome to Office Gossip's Private Community

One more layoff !

Looks like planned announcement with Swiggy 🤔

Account Executive

Many contractors across the board have been fired. Massive budget cuts happening right now at Shell. 

Folks are feeling drained seeing this happening, next rounds are also being planned.

Worst time to do this, especially with the festive season and year-end lined up. 😞

Layoffs happening at Shell

Consultant

Does anyone know something about how Dealshare is doing, the folk founders and culture there etc? Am interviewing there and would like to know more

Any thoughts on Dealshare?

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

Housing.com (REA India) ranked 3rd in the GPTW survey this year. They provide several awesome perks like, laying off without any notice, fucking their reviews just so that they could justify the lay offs, and threatening actions if anything came out on social media. 

10-15% of the whole tech team was laid off (mostly freshers) apparently on the basis of low performance.  It was all carried out by the higher management, not even the managers had any clue about the lay off happening. 

The performance rating was rigged by the higher management who had no interaction with the tech people. They had this awesome idea of getting reviewed by people who we had never interacted with. Managers were merely bystanders who had no say in the performance review whatsoever. 


PS: A note for the management -->
Housing.com would be an employee friendly company only if you guys would give two fucks about employees, instead of Caring so much about the GPTW ranking like conducting hands on sessions and literally forcing people to put in good rating.

Mass Lay-offs at housing.com (REA India)

The rigged performance rating and the secrecy is so true. I got to know about my colleague getting fired when I opened his slack which was deactivated. Upon calling, he said it was all done in 5 mins, Forceful resignation, No Severance and was asked to post nothing on social media.  
  
 From my team alone 2 people have been laid off both freshers.

Layoff @ Licious

Unacademy is planning a mass layoff in February 2nd week. This one would be a large number of 600 folks

Discord Layoff 17%

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