How are you dealing with your commitments? Utility bills, Housing Loans etc during this crisis? Please share your thoughts and pains. The great layoff season is still upon us. Are you defaulting yo...

How are you dealing with your commitments? Utility bills, Housing Loans etc during this crisis? Please share your thoughts and pains. The great layoff season is still upon us. Are you defaulting your payments? Are you borrowing from your parents or friends? How are you managing this crisis?

Laid off brother and sisters

Lawyer

Laid off brother and sisters- Grapevine

how you all fellas  doing? especially the one who got laid off or quit their for jobs? how you all holding your finance and commitments?

Dry job market

My contract was terminated last month citing restructuring.
Honestly, I saw it coming but wasn't expecting it would hit like this

I tried keeping my mind distracted, but now it has started to sink

I live with parents and they aren't saying anything (they were feeding me before and still are, no change for them)

I have had thoughts of ending all this, but do not have the courage. What if it ends halfway and I am redundant my whole life?

Credit card bills are coming through now and being 42% of my ex-salary wasn't something I was prepared for. I thought I was a sane spender.

How did you tackle being laid off?

Keep looking around, apply and eventually you're bound to get a good job I promise you. Just treat it as a numbers game. Ask your parents help with the credit card bills if you don't have enough corpus, there is no shame in that. You can give the money back to them when you're in a better position. 
  
 You're a nice person from what I know of you in this platform, you got this sis! Ending it all is not a good option for the people who care about you, and you're probably gonna look back later and smile and be glad for making it through

Application Analyst

Consultant

Maybe soon I'll be get laid of by my firm as layoff is ongoing in company and manager also keeping distance from last some days.
How to handle this situation.

Laid off

Software Developer

Welcome to Indian Startups's Private Community

Hi everyone
      I have been laid off on 9th Feb. Since then got some OA even doing 100%. Most of the them resulted in ghosting.
Now I'm in deep financial trouble. Please refer me to your org. I will be very thankful.

YOE : 1.7
Leetcode : 1656
Tech : Java spring boot, Angular

Laid off, looking for job

I had been intending to apply for a home construction loan, but my circumstances have shifted due to a recent layoff. Regrettably, I was affected by the layoff, and my January pay slip reflects the final salary payment. Since banks typically require the last three months' salary slips, and the January slip includes additional details, I'm concerned if this might pose an issue. If I disclose this to them, they may request further documentation such as a new job offer letter. I'm seeking guidance on what options are available and what actions I should avoid. Waiting an additional 2-3 months for a new offer letter and salary slips is not preferable to me.

Home construction loan / Layoff

Software Engineer

Welcome to Personal Finance's Private Community

It’s a question that many men want to discuss but can’t in the open. How do the costs of life split between you and your partner? If you’re both making the same money, is it 50-50? Or do you each handle certain categories of expenses without getting into the details?

Married men, how much do you spend v/s your spouse?

Generalist

what's your day like when you are laid off and serving notice?

Digital Marketer

Someone in ur team or someone u had good relationship (work wise) with gets laid off? Do u discontinue working as hard? Does ur team velocity decrease or increase as everyone does better for survival?
Just wanna hear from folks who have gone through this and does employer not see any affect in work? (E.g. Twitter case)

With all the layoffs news, how do u cope when…

I've been sensing some uncertainty at my workplace, and it's making me think about preparing for the possibility of layoffs. 

1. How does one manage uncertainty before a layoff, and what should be the mindset?

2. What practical steps do you take financially ? Any insights on budgeting? 

3. In a job transition, how do you proactively develop skills while managing work 

I would like to hear your thoughts and advice on how to be well-prepared mentally, financially, and skill-wise for possiblity of layoffs

How to prepare for a layoff ?

I am not sure if I am earning less or the expenses and businesses are down at a global level generally. But it has come to a point where savings have dried out and the amount of loans have increased just to survive through each month. 

I mainly come from a middle class background and I don’t know if it’s just me or there’s anyone in a similar situation

Financial struggle - Point of survival

Product Designer

Welcome to Office Gossip's Private Community

Hey everyone, With the current state of the economy, I'm wondering how working tech professionals are preparing for a possible recession. What are you doing to save money or make sure you're still employed? Thanks in advance!

How are you all preparing for recession?

I have all the sympathy with people laid off
I have been laid off before

Denial just prolongs finding a new role.

Instead of posting how many applications have been turned down, how interviews are not converting
Use the same space to put out your skills, talk about things you worked on
You must be good at something to have survived in the market 
If someone is looking for your profile, your whine post won’t make a cut because it doesn’t even tell them about you

Unpopular Opinion: Please don't cry for work after layoff, talk why you should be hired

Please don’t cry why the other party is does not deserve to be the ruling party, instead talk about why your favourite party deserves to win the the elections. 
  
 Please don’t cray after a local goon illegally occupies the property you bought with your hard earned money, instead talk about why you deserve to be the rightful owner of that property.  
  
 Please don’t cry when your wife/husband abuses you, instead talk about why you deserve not to be abused.  
  
 I hope you and people with similar thinking get the message. Sometimes you get treated they way you don’t deserve to be treated. A layoff doesn’t mean you are not good at what you do, there are variables, internal politics, mediocre managers safeguarding mediocre talent due to their personal connections. So, let people cry, dil halka hota hai usse.

Corporate Strategist

Welcome to Business Roles's Private Community

Just got laid off. 
Worried about my kid since he is just 1 year old. I was a stay at home father and was looking after the kid as well. (He has a nanny but still you need to give care to the kid).
I don't know how I will get a remote/hybrid job. I'm into business and not engineering/software so this makes it harder.

Growth Manager

Folks that got laid off and had EMI’s to pay like Home Loans etc. How are you managing it?

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

Welcome to Fintech India's Private Community

A Family's Journey to Financial Stability

I am reaching out to you today with a heartfelt plea for assistance for my family. We are currently facing a dire financial situation due to a loan that we are struggling to repay. As the sole breadwinner in my family, my salary is simply not enough to cover our living expenses and the burden of this loan. Every day feels like an uphill battle as we try to make ends meet, and the weight of this financial strain is taking a toll on all of us...

To donate - http://m-lp.co/rahul-252?utm_medium=native_message&utm_source=app

Please help me 🙏😭

Process Associate

Hey everyone, I hope you can help me out with this one query i have, is it fine to tell the interviewer that i got laid off when they ask why i am looking for a job change in this marker?
I have been WFH for 2 years, have 6L in liquidity for runway i guess, idk if it's safe or not but how is the job market currently. 
Recently gave interview in a tier 1 product based company, got rejected in 2nd round as well so what should be my plan now? 
How to tackle this feeling of being incompetent and anxiety?
I hope you can me out with these questions 😭

Got laid off today after asking for appraisal for 2 months.

Hi folks,
I recently got laid off from a startup where 50% of the engineering team was let go. I was working as an SDE and during a restructuring, my role was changed to SDE-2 without any increase in pay or responsibilities. I have a total of 2.5 years of experience. In my first company (where I worked for a year), there weren't many projects, so I didn't have the opportunity to learn or code much. However, in my second company, I primarily worked on the backend using Go, Django, Kafka, MongoDB, & PostgreSQL.
I realize that although I gained exposure in my second job, I didn't delve deeply into the technologies. I mainly focused on completing business tasks quickly, learning new things just to finish the task at hand, without solidifying my understanding afterward.
My experience seems suitable for an SDE-2 role, but I'm unsure if I can perform the role with complete honesty and may struggle. Some friends in similar situations reassure me that this struggle is common in SDE-2 roles. However, I feel I might be better off starting again as an SDE-1, focusing on my weak areas, and aiming for a promotion later. There are very few SDE-1 job openings currently.
I am actively interviewing for SDE-2, and not able to clear system design interviews. Tbh, I feel very humiliated as when I am not able to answer their questions it feels like I am wasting their time or they would be thinking: Oh this guy has been working for so long and doesn't even know anything.

Now I get it why people think Indian Software engineers are not that good in comparison to other countries' devs: the reason is people like me. 
This realization burdens me with guilt, occupying my thoughts constantly. However, I am confident that I can crack SDE-1 easily. I have good DSA & good enough LLD, &HLD skills for SDE1. I am looking for companies who can match my prev Salary: 22 L, 2 Bonus.
Can u help how to navigate this career situation effectively without increasing my guilt or feeling constantly humiliated?

Laid Off | Stuck Now | Too Anxious | Please guide

First work on the feeling of humiliation and self worthlessness. Don't ignore this, I've done it and it's one of my biggest regret. Working on this will feel a waste of time initially given job search is highest priority, I assure you your future self would thank you.  
  
 Now you are clearly very self aware, most incompetent people don't even know their shortcomings. And you know what, many comparatively incompetent people are making much more money, having much less self doubt and just living more - it's like being more self aware is a curse.  
  
 How do you get out of this curse? It's a slow process. Write down the things that make you feel that way, come up with an an action plan on what you could do to reduce that - clear goals and actions always relive anxiety. Writing things down is extremely important, keep coming back to it whenever you feel the same way, eventually you would reason your way out of this. Most of the time you are in a loop, living in guilt and self doubt for the same reasons over and over. Documentation of these feelings over time will make it look so silly, how could the same problem give you so much mental pain again and again.  
  
 You will do just fine career wise. With a few more years of experience, I can guarantee you will evolve over time, the problems giving you so much mental pain would seem very trivial then - that if you are able to resolve these feelings - otherwise it's a hell I wouldn't want for my worst enemies.  
  
 Some questions to ponder over -  
 1. Can you do the job search while being just a little gentle on yourself? 
 2. Does failure mean you have no worth? Can you fail more gracefully?  
 3. Does 2.5 years of mistakes(even if it see that way) mean you can't do amazing things in coming years? 
 4. Above all, does feelings of humiliation and worthlessness help you in any way? If nothing else changes, wouldn't it be better to just be a little gentler on yourself? 
  
 Take care, you don't have a career problem, a mental health one instead

I was thinking about this few days back...Today a swiggy employee validated my thoughts so posting here.

Layoffs are mainly in cream jobs(20-30% which is hardly 2-3cr source tax web) and in India mainly home loans or highly consumable loans like car or PL are taken by White collars...As per labour law, we ain't protected like in Korea.

So, if someone or let's say a major chunk loses his or her job then how the system will absorb this default?

Some data...

Fy23 Home loan Size is 20 lac crore or $250B (15% of total loans disbursed by amount)

2030 it's about to touch $1T

Cagr 23% in HL growth 📈

What if defaults rise in dual digit?

Plus exorbitant hike in flat price like literally greater Noida West have 5lac unsold flat but still 10lacs worth flats are being sold at 40-50lacs (poor quality and seelan issues after a month)

PS - Usa and China have seen this. (2008 and ongoing in China)

Home Loan Crisis in India 📈

Senior Consultant

I am a middle class boy. Working in Banglore. I am earning 1.5L every month from last 3 yrs. But still I don't have a penny saved. I have to give all my money to my parents. They have huge debts and to avoid extra expenses i am working from home. It is killing my social skill but i am prioritising money over my social skills. I see my friend going to trips all around the world and while me scrolling through Instagram all the time looking at their photos. Still using my college phone and not upgraded to i phone, Uninstalled all shopping apps for unnecessary shopping are some steps I took to save extra money. 
The point is sometimes i feel proud to help my family to come out of this situation, but in the other hand i am losing the most important time of my life. 

I really feel this time i pushing me back by 5 yrs and really don't know what to do...

Laid off brother and sisters

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