Indian cos started cost cutting ?

Market is that bad that this isn’t about 4-5 people but 72 candidates at IIM-L do not have a job. Saw this on Twitter.

What is wrong with these colleges, hearing this for the first time.

Overview: Everyone around me, be it old school friends to the people in the bangalore startup ecosystem are planning to or already in the process of doing an MBA. What is happening: Most of the people I know, either are going for a tier 1 MBA in India or colleges like “Carnegie Mellon”/ “INSEAD”/ “NUS” these are really good places. Why am I concerned: I dont have great acade, GEM candidate so I have decided to not pursue CAT at all, and MBA outside India is too expensive. I feel like my job and career are going fine with 4 years of professional experience I am making 25LPA in marketing. I am not keen on doing an MBA but I dont want to regret later. I consider myself to be fairly smart but what happens when I am competing with people who have great brand names on their resume and are actually smart. People on GV with more experience, have you gone through this struggle? Sidenote: I also have friends who have cleared IIM ABC, ISB and not gone, because they just wanted the admit letter. Which is brave lol!

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

I have been getting a feeling that software engineers (SEs) have a sense of entitlement, believing they deserve a salary of 50-60 LPA with 2-3 years of experience and a 30-40% raise every year. As an SE myself, I believe this sense of entitlement leads to unrealistic expectations in the workplace and hampers actual output. Past nine months have been brutal, with mass layoffs and minimal or no increments. Due to this I have noticed people putting minimal effort into their work. I understand that getting no appraisal can be demotivating(trust me I do) but considering what we are paid for what we do is just insane(I am comparing with other industries). With funding becoming scarce, many companies are no longer burning through cash. Most Indian companies will prioritize profitability to secure further funding rounds or pursue an IPO. Since engineering teams account for a significant portion of expenditures, everyone will be looking to cut costs by any means necessary. What are your thoughts on this situation? Do you still give your 100% even if you didn't receive a raise but are being well compensated?"

How many affected by Google layoffs in India? Which teams and cities?

Khatam tata bye bye

Is this happening because of all bhaiya and didi’s of youtube? IIT’s are not only for getting jobs.

The stupidity and arrogance of some leaders in some companies to use colleges as filter criteria for what is clearly irrelevant for the role. Mostly these idiots end up fucking up company after company creating these neo-casteist groups sucking off and living off each other. This identity based hiring is the start of corporate politics. I still don’t understand how difficult it is for fucking idiots to understand that while hiring for most roles you have to encourage diverse backgrounds at the start of the process to help you hire the right candidate for the long term, specially in a startup. PS I’m not against preferring candidates from certain colleges if it’s relevant. What i do hate is this herd behaviour of trying to hire only from your alumni the moment you are given leadership roles. It must be such shitty experience to work under idiots like these if you are not from their alumni colleges because their biases play into all evaluations they do about their teams.