HackerEarth Layoffs

Revenue growth is less than projections & has triggered another bunch of layoffs

HackerEarth announced second round of layoffs today in the townhall. More details to follow soon

Recently we saw Paytm making layoffs due to AI. Are there any other companies that did the same? People whose companies laid off people due to AI. What kind of automations made it possible? Is AI actually doing the work or is it just an excuse to lay off people?

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

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

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.

Edtech layoffs still continuing? Teams were asked to strictly work from home for today because of plumbing work going on in the office. Roughly 300 people were laid off in a townhall hosted by the founders.

CEO takes full responsibility for company’s shortcomings and eliminates1750 roles today!This is done after already eliminating 900 positions 6 months back!!

Can anyone confirm. Reliance Retail laying of 80% workforce from JioMart.

Source: https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams-2 India not impacted it seems. Majorly US tech team.