Consultant

Software Engineer

Atlas Siam is actually doing great. Good products. Last year they couldn’t hire too many folks because of raging bull market, this is a perfect opportunity for them. 

I don’t see a problem.

Product Marketing Manager

How many startups are hiring actively now ?

Welcome to Software Engineers's Private Community

How is Atlassian doing as a company ? Is there going to be any layoffs ? They seem to be the only company unaffected by the this whole layoff scenario

How is Atlassian doing as a company ? Is there going to be any layoffs ? They seem to be the only company unaffected by the this whole layoff scenario- Grapevine

I saw a few openings. Is it safe now or will there be more layoffs. Atlassian folks can you pls share any insights.

Is it safe to join atlassian now ?

Software Developer

Source: https://www.cnbc.com/2023/03/06/atlassian-cuts-5percent-of-headcount-as-it-focuses-on-high-priority-areas.html

Atlassian layoffs - 5%

Welcome to Indian Startups's Private Community

My current company is cutting JIRA costs and discontinuing their subscription with them to cut costs, and is moving to Gitlab (🤡) for task tracking. 

Are other startups taking similar steps?

Is your company optimising their spending?

Product Head

My linkedin timeline is filled with CFBR comments on such posts.

Atlassian revoked offer for 2024 graduating batch 💀

My heart goes out to them, imagine celebrating 1st job milestone with friends and family and boom offer is revoked🥺🥺🥺

Operations Manager

Hi all, 
Is it just me or there are multiple layoffs in the cybersecurity field( SOC) specifically.

Cyber security jobs in danger?

Security Analyst

Welcome to Product Managers's Private Community

In India, particularly in Bengaluru.

Work here means problem they are solving.
Salary includes ctc, perks and stocks.
Culture here means work-life balance.

PM: Which company gives the best work, salary and culture?

Product Manager

I can see a lot of getting placed, starting new positions posts on LinkedIn. Aprt from the obvious jpmc appraisals, is hiring starting to get normla? Also the orgs which did layoffs is hiring?  And by hiring here I mean people actually starting there day1. I cant wrap my head around. Whats happening?

Whats happening

To all paytm folks and people having first hand knowledge of this matter: how true is the statement that the 1k layoffs are due to AI? or is it just a bs PR move to justify layoffs (like any other organisation)

Paytm: AI led job loss

100% bullshit 😆 
  
 AI is like an easy target to blame.  
  
 Truth is - They have accumulated insane NPAs in low ticket size loans which RBI also highlighted. Pausing that business made a huge chunk of people redundant. At the same time, there’s insane pressure to boost up the stock price as it’s still treading much lower than IPO price.

Growth Manager

Atlassian is revoking offers for 2024 batch. My LinkedIn is filled with these posts. Some of my batchmates are also impacted by this. 

I'm genuinely scared of what's up with the market and where we are heading towards.

Atlassian Terror

Paytm has many openings in product and engineering for at least four to five months. The job posts are even promoted on LinkedIn. However not even a single role is filled and closed.
I gave interview for product manager role, received very good feedback, then suddenly after three weeks got a regret mail. Well that is fine but i see all the positions and there at atleast 50 open are not closed for four months. 
Does any one know what is happening?

Is Paytm planning to layoff?

VC with 5+ yrs of exp - AMA

Community Manager

Welcome to Office Gossip's Private Community

What do you guys thinks is the best places to be during these uncertain times..which companies seem to be hiring?


For me, I’m thinking Google, Atlassian, Postman

Safest companies to be in during this economy?

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!

Channel Sales

TikTok Layoffs | ByteDance cuts hundreds of jobs globally as platform shifts to AI moderation: Report https://www.livemint.com/companies/news/tiktok-layoffs-bytedance-cuts-hundreds-of-jobs-globally-as-platform-shifts-to-ai-moderation-report-11728720808330.html

AI effect.

Human Resources

This will help the people to get the list of good companies with compensations, WLB.

Based on your response I will Inmail the recruiters.

I will start
- Microsoft (I am already working)
- Atlassian
- Google

PS: @BiriyaniEnthu Please don't comment with a question.

[Thread🧵] Best Companies to work in Bangalore

Atlassian is horrible. With the new changes in management, the company is going down to dogs. Please research instead of making these random claims

Being an investor in equity markets, i was aware of the fact that US market will crash as the free money by fed draws back. I obviously was not able to link this up with the funding dry-ness.

I still expect a founder to be aware of these economic events. I am curious how could the management decide to go for hiring employees only to lay them off a year later. 

If you are a founder, would be happy to know the other side of the story.

What triggered layoffs ?

Let me explain in detail. 
 There are two parts to it and can be broken down basis PnL 
 1. Revenues : Sudden jump in tech( social media, e-commerce, ad tech, fintech, etc) plus supporting industries (chipmakers, laptop / device manufacturer) and the general economy with QE money  
 This impacted forecasts as most firms forecast AOPs basis historically trend (which clearly was an abberation) - this lead to higher HC estimates and rampant and quick hiring  
 Variable costs: CAC, customer support, sales incentive all spiked up as 1. Everyone was putting money (inc bidding price for key words) and 2. Huge customer inflow due to covid (edtech, e-commerce) that required support  
 Fixed costs: While office space / rents remained steady or dropped as % of revenue. This was offseted by fixed tech (software, hardware, people) costs and other costs like (legal, HR, Business, Marketing, supply chain, etc.) the talent was expensive to source plus their need was instant as you already had customer to be served  
 All of this lead to rampant hiring, inflated CTC, rosy forecasts, etc.  
 everyone had turned a blind eye to inflation implications (as for the past 30 Y no one saw a shooting inflation - hence the key decisions makers had now experience & idea about it) - till Dec’21 even FED said inflation is transatory. 
 It was the Ukraine invasion that opened people eyes. Oil went up, food prices went up, UK Europe saw an energy crisis etc 
 This made all the rosy forecast mentioned above duller as 1. Demand was expected to reduce due to higher cost of living 2. Capital became scarce as funding drired 3. Cost of capital (WACC) became expensive as hurdle rate climbed (which is rate of return for bond)  
 Management and investor panicked as they have limited partners (LP) to answer and quess who are these (big pension funds) so people’s pension money had come into startups which were not showing signs of exit for investors. 
 All in all - it is a pain we all have to bare for being exuberant in 2021-2022:

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

How is Atlassian doing as a company ? Is there going to be any layoffs ? They seem to be the only company unaffected by the this whole layoff scenario

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