I'm actively interviewing, got a couple of offers from old and new banks but everyone tells me to move out of this  Read a post HDFC delaying salaries, the most successful private bank of the count...

Welcome to Banking & Finance's Private Community

I'm actively interviewing, got a couple of offers from old and new banks but everyone tells me to move out of this

Read a post HDFC delaying salaries, the most successful private bank of the country is internally going through something?

Isn't this an alarming situation?
Even for people who are not directly linked with this

How bad is this industry?

Founder

How bad is this industry?- Grapevine

Welcome to Office Gossip's Private Community

Hi everyone, recently i interviewed for a product position in hdfc bank. I did well and was asked to submit documents for offer release. Everything was going fine. But, a couple of days later, I was told that there's a hiring freeze in hdfc. Can someone confirm this? Thanks in advance.

Hdfc bank hiring freeze

Product Manager

Hi Everyone, 

I would like to know if there's a hiring freeze at HDFC Bank? 
Any Idea why the hiring is on hold and when it's gonna reinstate? 
Has anyone joined HDFC bank lately?

HDFC Bank

Welcome to Business Roles's Private Community

A lot of you might have seen the HDFC bank video where a senior executive got batshit crazy at his juniors and was yelling at them. 

This is my story of a a similar experience in a well funded NBFC. Hint: Aye Aye

So, i joined this NBFC startup with a cushy package, let's say 35 lpa in 2021, to transform the corporate. 

Joined in a leadership role but the reality hit too soon. The work environment was too toxic. People didn't know how to behave, the leaders are monsters and there were no weekends for straight 4 months.

I started yelling at everyone around me and i was stressed 24/7. 

One fine day, i went straight with a fuck you and resigned from the job, took a pay cut and rejoined corporate. I joined there from an MNC.
Life is smooth now. 

Remember, if your think Banking sector is bad, NBFCs are worse and the startup players are a notch below. 

Pay cuts are bad, it took me two years to get back to market. However at all of our lives, it is very important not to promote this shitty culture.

Banking and NBFC industry are toxic

Human Resources

Welcome to News Discussion's Private Community

News of jpmc doing layoffs after Morgan Stanley last week is out.
Wanted to know if any teams, departments or employees in India, Mumbai and Bangalore are affected?
If anyone has any info, please share.

Any updates about jpmc layoffs in India?

Equity Research

I graduated from an old IIM where I wanted to work in the finance domain. But I am stuck in an IT job where I am not even using my teachings of MBA and it is a job equivalent to a BTech Grad (Oracle EPM). For this reason I thought of opting for Bank SO. Planning to do it for 3-4 years which will set my career in core finance and help me switch to a different and strong finance job in future. But I am having doubts as it will be tough to handle my education loan. Where I would be earning half what I am getting here in my post IIM job. (Will be getting 60k pm in my SO whereas I am earning 1.2L pm currently in a toxic environment and in a state where I don't understand the language)

Is it good enough to opt for a Bank SO after IIM?

Finance Consultant

What's your take on this ?
Given the current scenario what job offer will you all be interested in?

I'm having doubts for Amazon because of layoffs and other bad work culture news. Can anyone please confirm this??

But duniya bhar k banks doob rahe at this point in time. E.g. US Banks..

Confusion pro Max .🤔🤔

Amazon vs other BFSI job offer

Cybersecurity

I am on my 3 months notice period, but since the time I put my papers I have been contacted by a senior stakeholder, my previous and current vp suggesting me to stay saying they'll try their best 

Is it something normal, should I reconsider? The other firm has been waiting since past 2 months 

Got a hike of 45%, please suggest as confused 

2.5 yoe

Trying to retain during notice period. Please advise

Analyst

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 Indian Startups's Private Community

Almost 50% of the org got no increments
People with "exceeds" rating got single digit increments
Only promotion cases have got early to mid double digit increments
Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year

The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Razorpay increments - sad state

Software Engineer

Welcome to Product Managers's Private Community

I have been talking to two of my seniors 1 from ISB and 1 from IIM. Two different individuals from different companies..  Both are out of job for more than 4 months now. They are not getting any calls from more than a month and the ones that interview was given and went till last satge are now ghosting.. so just want to understand how's the market currently.. My company is also under financial stress and that's causing me panic..

How bad is the PM job market in India?

Data Scientist

A few people who are in advanced stages of the process and/or have offers from slice have been asking me whether it's a good idea to join.

My answer has always been consistent and I'm posting this so that people have more clarity.

Good folks are leaving in droves which is why they are trying to fill in some roles fast.

The company doesn't have a proper CTO, with engineering being managed by two people, one the head of analytics and data science being the 'people mananger' who is highly under-qualified for the job, and the second a toxic and borderline abusive character who is the 'chief architect'.

On top of that, there are some AHs from Bizops who'll do everything to blame you if things go wrong and steal credit if things are good, making your day worse rest of the time.

The critical Glassdoor reviews are totally true, and present points in an elaborate manner, while the few positive ones are clearly planted with 1-2 lines written for each.
Plus the company is suppressing many reviews with the help of community guidelines.

Your package might have a generous ESOP component, but it is bloated and the company is looking to raise the next round at a highly diminished valuation.

There are more things in life than a few lakhs of extra base pay, for your long term well being.

I'm speaking about it openly since I left the org for a better opportunity recently and I don't want people to suffer more.

Your mental health isn't worth a slightly higher base pay in slice

Slice is a known red flag. Stay away at all costs.

People are being laid off across the org. Only one month of severance is being given :(

Layoffs at livspace

Seeing a lots of discussion about people complaining about inflated salary, it's quite sad to see such discussions.
Take SWE for example, so an swe is expected to move to an expensive city with high travel and food expenses, scant housing options with landlords hiking the price 40-80%, work 8 hrs a day and sometimes even 12. And if  he's drawing 20-30LPA he's considered overpaid?! Not to mention the guy has to pay a huge chunk to the government and we're not americans who don't care about their family and have to take care of them as well. 
We're all overworked and underpaid (if you consider the amount of hrs one work and how much they are paidpaid in abroad) and considering the situation still underpaid. 
There may be people who might be drawing a high salary and barely do any work (considering they take a lot of leaves and don't put time and effort in work) but that should be the discussion of the inadequate framework for calculating better metrics for productivity and how companies fail to do their due diligence, instead of complaining about high salary. This affects us all and if we all think that salaries are inflated it only hurts us more.

Are Indian corporate employees really overpaid?

First, how is a BNPL company surviving?
They are hiring.
How is the culture there? Anyone knows?

How is SIMPL ?

Welcome to Software Engineers's Private Community

Hi guys,
I joined Epam 8 months back as Senior Software Engineer and working for amazon client.
But now got offer from Kotak mahindra bank as SDE 2 but hike is only 10%.

So should I join kotak or not and what about culture and work in kotak.

#engineering #software #swe  #epam #amazon #sde #sde2 #kotak #kotakmahindrabank

Should I join Kotak Mahindra Bank as SDE 2 ?

Software Developer

Welcome to Ask Grapeviners's Private Community

Hi all, 

Recently put down my papers at a Financial Services Company. The management is after me to take back my paper and retain me. I gave a lot of thought on the current profile, pay and the same at new Co. before putting my papers but all of a sudden the rosy picture being presented to me is getting to my head
 I am really confused about what to do in such a situation. Further I am scared that once I am retained i might be ill treated and made a scapegoat out of if my team doesn’t perform.

Should I just stick to my guns and avoid any retention discussion or give it a meaningful and positive thought?

Need help. Recently put down my papers at an Indian Financial Services Company. The managers are after my life trying to retain

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