I heard virtusa company did layoffs by asking their employees to resign.

Frontend Engineer

I heard virtusa company did layoffs by asking their employees to resign.- Grapevine

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

Bloodbath begins in India the real recession

Data Scientist

I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid.
To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later, they did open layoffs, did it again in 2 months, and one of my friends there heard the founders cracking a laugh that even the investors wouldn't have expected us to do this so fast.

I joined another company, they lost the client I was hired for, and few more clients, I was told they will have to do layoffs and my name is in the list. So they asked me to resign and I refused by saying we'll consider a last working day, if I get an offer I'll resign otherwise anyway I'll have to be laid off and they agreed. This happened one month after I had joined this company ( also a startup ).


So, being laid off once was already a big enough punch of reality, with an education loan on my head.
I joined another company and got laid off again. Tough shit.


I ended up getting an offer before my lwd.
I am not from any IIT, I am not an exceptional engineer. I am very bad interviews, my resume usually doesn't get shortlisted.

Sheer volume of effort I put made the impact on me getting a job.
Right now I am the best job of my career, with a better management.


Trying to say, it's a tough time. But you'll get through it.

PIP then laid off, again laid off

Can relate op I got laid off twice last year. Got trauma because of that 💀. More power to you

Software Engineer

Software Developer

There had been a bloodbath at Hero Vired. Most of the Bengaluru office has been laid off. All this was done very suddenly. They are now hiring in New Delhi. Stay away from this company, its a pack of cards waiting to fall.

Layoffs at Hero Vired

Welcome to Office Gossip's Private Community

Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.

Layoffs disguised as resignations

Tata nexarc asked 20% of its employees to leave organisation in next 90 days. They have been informed that their resume has been floated to other TATA group companies

Tata nexarc layoff

Product Manager

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Consultant

Product Head

Welcome to Software Engineers's Private Community

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

I got to know a senior leadership member at a popular startup suggested to deliberately do poor appraisal for an employee so that she resigns herself.

Bad times ahead with companies forcing employees to join back offices and planning silent layoffs.

PS: By "forcing" I mean not leaving employees with much of an option other than to quit.

Silent layoffs upcoming 😔

Are management jobs less prone to be laid off in future as compared to Tech roles?

Analyst

Welcome to Indian Startups's Private Community

Happened last week. 

Navi does this half-yearly if not quarterly. Supposed to be performance based but systems and checks are not in place to assure the process is unbiased. 

Myntra - not an organisation which does layoffs much. 

Please shed some light.

Navi & Myntra - layoff or mass resignation???

Investor

Amazon is asking voluntarily resignations from its employees.

Amazon internal layoffs

Not sure of count yet but HR telling people “it will be better if you resign”

GoZoop layoffs

Growth Manager

There had been a bloodbath at Hero Vired. Most of the Bengaluru office has been laid off. All this was done very suddenly. They are now hiring in New Delhi. Stay away from this company, its a pack of cards waiting to fall. They will try to hire people telling them about the hero brand name, don’t fall for it, its being run by their most incompetent family member, Akshay Munjal. Stay away and spread the word.

Heard 20% of workforce is laid off in velocity this week.

Layoffs in Velocity ?

Apparently 1k Were made Under Performs and laied off 
Is this True ?

Intuit Layoffs

Quite a large number of people were asked to resign gradually over the 3 weeks.

The impacted personnel include SEs,Some PMs, and EMs too.

Looks like a massive downsizing. Around 30 percent of the folks seem affected, but I'm not sure on that number.

No severance. A month of notice.

Layoffs at Practo

What are your learning from this layoffs wave?

Learnings from layoffs

- Don’t buy useless EMI for expensive cars or gadgets. If you cannot afford it, buy one within your budget, there are all ranges available.  
 - A job is a contract thats it. They don’t care if you have lakhs in loan or dependent families. Treat it like a task which gets over after working hours. 
 - This is esp for those egoistic and sadist managers and bosses who derive their sense of worth from humiliating their reportees, making then work on sick and emergency leaves, and creating an atmosphere of bullying. 
 - No one cares about your job or career progression outside your office. Don’t make it important than your family and health and give the same treatment to all your team members.

Senior Designer

Lawyer

Many VPs, Business heads are moving out so quickly mergers of departments and closure of some departments. Scary !!!

I heard virtusa company did layoffs by asking their employees to resign.

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