Yea should call it the 'evil social media company run by a reptile'

Consultant

Founder

Journalists rely on plausible deniability. They don’t have concrete proof that meta did this so staying on the safe side. Sometimes they put a question mark at the end of an allegation for the same reason. 
 e.g : “XYZ is a criminal” might get you a defamation suite. “XYZ is a criminal?” Will not.

Product Manager

The pace at which they are laying off and that too senior and impactful employees, soon they will be compared with startups

@BiryaniEnthu btw how's your health now??

Software Engineer

Associate Product Manager

That’s really funny. Calling meta an IT company

Business Development Manager

Welcome to News Discussion's Private Community

Economic Times reducing Meta to IT company 😐

Economic Times reducing Meta to IT company 😐- Grapevine

Guys, heard anything about meta layoffs in India? A WSJ report today said that Meta will start its layoff drive globally this week 😐

Meta layoffs

Welcome to Software Engineers's Private Community

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

Software Developer

I have read this paper since highschool. Now that I’m in the startup space, realising this is utter shit. Like they are tone deaf

What is Economic Times smoking

15% are being given Below Expectations rating and are being offered mutual seperation with 3 Months salary. 

The mid year ratings are supposed to just give a direction but this year's layoff is happening on its basis.

Silent Layoff at Meta

Machine Learning Engineer

Reliance industries Laid off 42,000 employee

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.

Paytm is laying off people since May 27 (forced resignation)

Welcome to IT Company Discussion's Private Community

Mubarak ho TCS folks

Looks like meta is going for 3rd or 4th ( honestly lost count)  round of layoffs . 
Articles suggest that 5000 folks might be affected 😕

These are the world's largest tech companies and have billions in profits. How can they not know how many employees they need? And once the market opens next year again they will hire rapidly. 

Is apple the only top tech company that's hiring sensibly?

New Meta layoffs

Welcome to Office Gossip's Private Community

Today evening Google’s VP of Recruiting had an all hands call with global recruiting team to tell them that there’s more layoffs happening in recruiting and people will find out about it through emails in next couple of hours.

Such a shitty time to be alive.

Google Layoffs - Recruiting

This is so sad, petition for Grapevine to start a jobs section to help people who get laid off

Program Manager

Headcount in Indian IT companies continue to decline.

Wipro to layoff hundreds of mid-level employees to improve profit margins.

Solution Architect

https://www.theverge.com/2024/10/16/24272195/meta-layoffs-whatsapp-instagram-reality-labs

Another round of layoffs at Meta

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..

Job Market right now in India?

It is really bad right now 
 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big MnC. 
 2. Almost everyone I know of wants to switch, because of no/less appraisals from last 2 years 
 3. Bad work life balance - people thinks switching might help 
 4. Too much competition for any open position. Because of too much supply, companies are low-balling and people would accept the offer.  
  
 Recruiters ghosting is too common. Even if you've killed in your interviews and recruiters get someone who's ready to join on less pay, they'll simply ghost you.

IT Boom again?

Business Analyst

They want to improve margins 
Source - Economic times

Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte's biggest bet. Job cuts are part of the 'Left-Shift' strategy. Wipro underperforms and faces conflicting goals.

Exclusive: Wipro to lay off hundreds of mid-level employees to improve margins

Wipro to lay-off middle level (on-site)

DevOps Engineer

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

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

- Meta is laying off employees across various departments, including **WhatsApp**, **Instagram**, and **Reality Labs**.
- The layoffs are part of smaller cuts coinciding with team reorganizations, not a companywide layoff.
- **Jane Manchun Wong**, known for reporting on unannounced app features, is among those laid off.
- The company is realigning resources with long-term strategic goals and location strategy, according to spokesperson **Dave Arnold**.
- This follows a series of layoffs in the Reality Labs division and the layoff of 21,000 employees in 2022 and 2023.

Source: [The Verge](https://www.theverge.com/2024/10/16/24272195/meta-layoffs-whatsapp-instagram-reality-labs)

Meta Initiates Layoffs Across WhatsApp, Instagram, and More

Journalist

Reports that there could be a 3rd round of layoffs at meta. Also there have been rumors that Amazon could layoff more people. 

This month could come with more bad news

Meta 3rd round layoffs

Product Marketing Manager

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Microsoft and Meta vacate offices as they opt for WFH and layoffs 

https://www.ndtv.com/world-news/why-meta-microsoft-vacating-their-offices-in-us-3694309/amp/1

Facebook parent Meta and Microsoft are separately vacating office buildings in Seattle and Bellevue in Washington -in the latest sign of change in the tech sector and softness in the office market here - according to the Seattle Times.

Economic Times reducing Meta to IT company 😐

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