Flipkart Shuts Private Label Groceries

Hearing of silent layoffs at Make my Trip, Flipkart and so many other companies. What are some of the ways in which these tech cos are silently firing people so they can avoid a bad headline?

Someone from my connections told that Flipkart have consulted Bain/BCG ( don't remember exactly) and are planning to fire 10% of the workforce Anyone heard something?

Got a call from one acquaintance looking for opportunities outside Flipkart informing me that downsizing discussions are going on amid hiring freeze which is ongoing since last 1 year. Does anyone have more info on this?

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.

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?

I am a L4 manager in amazon. My entire team has been asked to go, now i am concerned about my carrer. It ia so sad that our Indian government doesn't support us. My future is now uncertain. I wish we had someone to stand up for us.

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

A subsidiary of Paytm, it has been hit by a string of exits in Senior leadership in last 6 months CFO: Amit Kapoor, gone Head of Mutual Funds: Nisharg Golash, gone Head of Product: Manish Reddy, gone Head of Growth: Sourav Choraria, gone Head of Marketing: Divya Chakravarthy, moved internally Head of Compliance: Sudhendoo Gandhi, moved internally You can search these people on LinkedIn to verify. This is a result of an increasingly toxic work culture where performers are penalized with more work while slackers make merry. This culture is driven from the top with current senior leadership who haven't left the firm have survived by the virtue of sycophancy. Instead of firing people, they are being asked to resign so that the company is not in news. I've personally seen this in co's rev teams, a new CTO has been hired from within Paytm. Employees are given 'negative ratings' in appraisal, which the CEO called 'an HR experiment'.