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Software Engineer

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It's always about Layoffs

It's always about Layoffs- Grapevine

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Layoffs everywhere?

Senior Consultant

"If you have to conduct layoffs, which is always a regrettable thing, there's kind of three things that are very important. One is to communicate well with your employees in order to help them understand why it is you're doing, and how. Second is to make sure that the employees who are part of the go forward, understand kind of what happened and are not like the ground doesn't keep moving. It's like, okay, we did that, we're moving forward, here we go. And then for the employees that you unfortunately have to let go, try to provide as much support for them as possible." ~ Reid Hoffman

Layoffs

Finance Operations

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layoffs.fyi^-1

Welcome to Office Gossip's Private Community

One more layoff !

Looks like planned announcement with Swiggy 🤔

Account Executive

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Hey,

I've been working as a Frontend Developer at a startup in Hyderabad for the past 2.3 years and I've also worked on backend projects unfortunately, over the past year management hasn't been able to secure new projects on Monday my 4 colleagues had 1 on 1 discussions with HR and were given a month to find new jobs. If they can't they will be terminated in 2nd month I'm currently on a project but with less amount of work—should I be worried? It seems like they plan to terminate 4-5 employees every month.

Layoff

Frontend Engineer

Welcome to News Discussion's Private Community

One more amid Layoff News

More Layoffs.

Chartered Accountant

So many companies are doing layoffs. It's becoming so common that now a days people have even got used to it. Folks in or know about US/UK/Canada, how's the situation over there? Is this shit show becoming common there too?

Hearing a lot of Layoffs lately

Lay off

I am a L4 manager in amazon. My entire team has been asked to go, now i am concerned about my carrer. It ia so sad that our Indian government doesn't support us. My future is now uncertain. I wish we had someone to stand up for us.

Amazon tyrany continues

First of all government can't do shit. I know you are a European law loving crazyhead since layoffs in Europe are avoided to due to pro-employee laws. But I want you to remember that the current layoff environment where companies struggled to layoff in Europe hasn't gone unnoticed by companies. If companies feel that pro-employee laws are too strict, they will simply close their European offices and open shops in Eastern/African/Middle Eastern/South American nations. Just because there is a law does not mean that companies will keep on following it. And as it is European offices are some of the most low ROI centres of development due to so many holidays/relaxed work culture/zero impact projects. Europe is fucked unless Europe resorts to war against Africa/East/Middle East/South America.

Retention Manager

What's the layoff scene in C2FO nowdays???

Layoff scene

Product Manager

I don't know why everyone is making a big deal out of layoffs. Even the ones who laid off are not that concerned than the ones who comment.

Laid off employees literally get free money upwards of 10 lakhs in many cases of senior developers who are laid off from top tech startups. Companies pay severance equal to 3-6 months salary of laid off employees. Some even offer other benefits as well.

I personally know a couple of Devs who got around ~9-10L in severance pay. So, yeah if there are layoffs happening in funded tech startups or leading tech companies, considering their pay range, laid off employees get handsome severance pay including employee benefits

Layoffs a big deal? Positive side of layoffs

Hope you get laid-off & get a good severance package! Will see how your job search goes.

Engineering Manager

Product Designer

I recently laid off, sometime ago. I was privileged enough so didn't really complained about it. But what i realised is:

"Everyone should get laid off once in a lifetime." Reason being you stop being emotional about your job. Some people have a habit to treat job as a the only purpose their life has. Basically job gives them the validation which they never received from anyone.  
Also you realize the hard truth that you are just a number. "Resource" as they aptly call you.

You realize your life has many dimensions than just serving someone. 

Quite an experience i would say, Kuch din to guzariyen lay offs mein!

Layoffs Pros

Layoffs indicator?

Can't believe when you are laid off from your organisation and ur company decides to take their leftover employees on a retreat ...how stupid is that ?
They even have the audacity to keep it public and share it on their statuses...it really heartbreaking .
Specially when there is no hope for a job in the
Market. 
Nevermind.. that's how companies are.
Will be grateful for the free used company laptop and 2 months severance pay i got.

Companies doing layoffs are conducting offsites at the same time ?

Consultant

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

Been hearing layoffs again and there are less hiring what's the actual reason for this and when this become normal

Why layoffs ? What's happening with it sector ?

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

don't you guys think that this whole layoff this is creating more panic among people because of the news click baits than it actually is ??
ofcourse layoffs are happening but newschannels makes you feel like whole world has stopped working 😅

Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days

Also Dm if you can refer for sde jobs, thanks

Simpl Layoffs

Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)

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