HCLTECH SECRET LAYOFF

What are your learning from this layoffs wave?

TCS on their way to make a handkerchief pinned to the shirt mandatory.

Is there any layoff happening in HCL

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.

So, I joined this company located in Delhi last year from Bangalore as a permanent WFH employee. Initial 6 months were fine, even though I was aware they had pre-installed tracking software called "Teramind" while sending the laptop! But in the last 3 months the work culture or environment has completely flipped and turned into Toxic. First they made us install a remote tracking software called "Hubstaff" which tracks keyboard and mouse activity and time, and takes 4 screenshots every 10 minutes. Then they made it compulsory 8 hours a day excluding any break like lunch or tea. This month they tied work hours with Salary and started deducting the entire day's pay even if you are short by like half an hour! Almost all employees know they need to leave but are kinda stuck due to the current job market situation. I'M thinking of quitting without finding another job now, I'm just mentally tired and frustrated with the situation I find myself in. All my emotional energy is spent, I just don't know what to do😞

People in the firm what is happening? Is this the end of edtech and BYJUs? What went wrong?

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?