Software Developer

The number is pure speculation. even we don't know.

Computer scientist

Is it from Glance or core inmobi adtech ?

Senior Data Scientist

Is the worst over for InMobi ? or more layoffs on the cards ?

Inmobi fired 200 employees for cost cutting measures.

Inmobi fires 200

Software Engineer

Inmobi fires 200- Grapevine

Welcome to Office Gossip's Private Community

Few folks from USA and London team have been fired. If things continue the way they’re then many more could be fired. 

Major advertising revenue comes from North America, and a recession there means huge advertising spend cuts by big accounts, which directly impacts many adtech companies. 

Would avoid adtech sector for next 12 mos.

Silent layoffs at InMobi have begun

Product Manager

InMobi : Layoffs after silent layoffs last year .

Chartered Accountant

Welcome to News Discussion's Private Community

InMobi announced 0% hike? Damn! 

Is this true?

InMobi

Business Operations

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

https://www.reuters.com/business/media-telecom/nokia-cuts-2000-jobs-china-350-europe-part-cost-cuts-sources-say-2024-10-17/

Nokia to layoff 2000

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

Reason - the team wants to accelerate timeline to profitability 
To those affected really sorry this community is here for you!

🚨250 people laid off at Meesho

Investment Associate

Hubilo to cut workforce by 35%

Cloud Architect

Welcome to Indian Startups's Private Community

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.

Founder

Wipro is in the process of cutting hundreds of mid-level roles onsite as it attempts to improve its margin.

Wipro to lay off hundreds of mid-level employees.

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Customer Success

I am sure this post will get a lot of backlash but still I want to express my thoughts. I usually don’t post anything but this just cross my mind.

It’s been months now and we are hearing layoffs news from big tech giants Twitter, Google, Amazon, Meta, Microsoft. LinkedIn is flooded with posts from the people who got laid off. These posts garnering thousands of comments from people ready to help.

My question to the tech community, What are we doing for our people who are not from so called big tech companies.? How are we helping them? I am sure there are people who got laid off from other companies need greater support in getting a job.

All the companies right now are focussing on getting people from the former group. I don’t have any problem with that but it’s the fact that they were already on the top 5-10% of the tech pyramid. They were getting paid better than anyone in the market for years. They got the best facilites and sure have a good financial backup and savings. Even the severance packages they get from their companies is way higher than the market standards. Moreover, they are talented minds and already have an edge over their competitors.

My request to tech community is to stop being biased and help people from the latter group to get some living(Job). They are in more need of our help and support.

PS: This is just my personal opinion and there is no negative context to it.

Layoff posts in LinkedIn

There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld

Massive Layoffs Coming - Paytm

Poor timing !! Festive season, Christmas/new year and these layoffs. 
   
 It's a remainder for everyone that companies won't even think twice before laying you off. So stop making any company your dream or glorifying it.

Data Scientist

Cloud data integration leader Informatica slashes their workforce by 10% today. I.e around 500+ positions.

Informatica slashes workforce globally

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

Consultant

Wipro layoffs 

https://www-businesstoday-in.cdn.ampproject.org/v/s/www.businesstoday.in/amp/technology/news/story/cost-optimisation-at-wipro-hundreds-of-mid-level-jobs-slated-for-elimination-says-report-415528-2024-01-31?amp_gsa=1&amp_js_v=a9&usqp=mq331AQGsAEggAID#amp_tf=From%20%251%24s&aoh=17066948529697&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.businesstoday.in%2Ftechnology%2Fnews%2Fstory%2Fcost-optimisation-at-wipro-hundreds-of-mid-level-jobs-slated-for-elimination-says-report-415528-2024-01-31

I worked in one of the WITCH company. Most of the middle Managers are just email routers and no real depth in expertise or hands on with technical. What do you think? How would this year pan out?

End of the road for IT middle Managers?

Senior Data Engineer

Agri startup Waycool fires 200 employees

Corporate Strategist

Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with the matter said on Thursday.

Citigroup to lay off less than 1% of staff - source

Citi firing 2400

15% or close to 200 folks being fired. Reason- revenue per employee to be increased. Revenue not going up so firing employees. Mainly lower level.

Firing at Moglix

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

Inmobi fires 200

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