Many of my friends are laid off from Yodlee. Now company overall business is taken over by TCS. This is really tough time for the IT industry professionals.

Many of my friends are laid off from Yodlee. Now company overall business is taken over by TCS.
This is really tough time for the IT industry professionals.

Envestnet Yodlee layoff

Software Engineer

Envestnet Yodlee layoff- Grapevine

I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid.
To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later, they did open layoffs, did it again in 2 months, and one of my friends there heard the founders cracking a laugh that even the investors wouldn't have expected us to do this so fast.

I joined another company, they lost the client I was hired for, and few more clients, I was told they will have to do layoffs and my name is in the list. So they asked me to resign and I refused by saying we'll consider a last working day, if I get an offer I'll resign otherwise anyway I'll have to be laid off and they agreed. This happened one month after I had joined this company ( also a startup ).


So, being laid off once was already a big enough punch of reality, with an education loan on my head.
I joined another company and got laid off again. Tough shit.


I ended up getting an offer before my lwd.
I am not from any IIT, I am not an exceptional engineer. I am very bad interviews, my resume usually doesn't get shortlisted.

Sheer volume of effort I put made the impact on me getting a job.
Right now I am the best job of my career, with a better management.


Trying to say, it's a tough time. But you'll get through it.

PIP then laid off, again laid off

Can relate op I got laid off twice last year. Got trauma because of that 💀. More power to you

Software Developer

Guys a friend working there told me Kotak Bank is going to cut approx 20 percent of the workforce across all departments. They have already started revoking offer letters. Also they will not be giving increments and bonuses. Tough times ahead. Anyone bearing things from established companies.

Kotak Bank to start lay offs

Growth Manager

Welcome to Office Gossip's Private Community

Layoffs:

Global
- Stripe 14%
- Opendoor 18%
- Twitter 50%
- Delivery hero 
- Chime 12%

India
- Udaan (tranches)
- Chargebee 10%
- Byjus 5%

Hiring freeze:
- Apple
- Amazon

Mega Thread- All tech layoffs so far

Source: https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams-2

India not impacted it seems. Majorly US tech team.

Indeed laid off 1k (~8%)

Folks, Have you heard of senior layoffs since Apr’24 in TCS, Infy, Cogni or Capgemini?

Senior redundancies

Program Manager

Welcome to Indian Startups's Private Community

Some companies I heard of,
Airmeet
Inmobi
Simplilearn
Spotdraft

Which companies are laying off people now?

There are so many that are also doing silent layoffs right now

Product Manager

Consultant

Sad story... Anyone else you know of who has been affected ?

https://www.indiatoday.in/technology/news/story/indian-microsoft-employee-laid-off-after-21-years-for-service-says-it-is-hitting-him-hard-2323719-2023-01-19

https://timesofindia.indiatimes.com/business/india-business/husband-wife-deal-with-layoff-on-social-media/articleshow/97156717.cms

Microsoft Layoff Impacts

List of companies doing silent layoffs using PIP and Cultural fit issues.

Myntra
Flipkart
Meesho
Cars24
Smallcase

List of companies doing silent layoffs

Hi Guys,

Affected  by recent paytm layoff
Any leads for SDE1/backend dev role would be really help full

#laidoff
#backend 
#SDE
#Java
#Springboot

Paytm Laid off

Trying to see companies that people here have had the dream to join, but didn’t ultimately work out. Have you now grown over it?

Which company were you obsessed with joining, but never could?

For me it was McKinsey 
 It was the best job out of college, status wise. 
  
 Did well in college and made it to the final shortlist. Was obsessed with it, read books and all about The Firm. 
  
 Then the interviews happened, couldn’t convert. Was a downer.  
  
 But 5 years later, doesn’t matter much. I feel life taught me better things. And my fascination of consulting jobs has changed drastically since :p

Corporate Strategist

Heard analytics people are being laid off with 3 month's severance and new joiners from NITs had their offers rescinded.

Is this true? Who all are going to be affected?

Layoffs at EXL Service?

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

Hi everyone
      I have been laid off on 9th Feb. Since then got some OA even doing 100%. Most of the them resulted in ghosting.
Now I'm in deep financial trouble. Please refer me to your org. I will be very thankful.

YOE : 1.7
Leetcode : 1656
Tech : Java spring boot, Angular

Laid off, looking for job

One more round of layoffs at a Chennai based saas startup

Customer Success

Which are the companies that never did a layoff?

Senior Software Engineer

Product Designer

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.

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

Envestnet Yodlee layoff

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