Depends on the organisation and how many people and why ?

Assistant Manager

Also depends on the side of table you are on.

Software Developer

Growth Manager

Except Tatas most of the org would prolly go for layoffs

Which all organisations are going for layoff and which ones for paycuts in India?

Layoff or paycuts?

Management Consultant

Layoff or paycuts?- Grapevine

Welcome to Software Engineers's Private Community

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

Software Engineer

Living in India, there exists a stigma around hiring laid-off employees, a mindset that lacks the maturity to comprehend life's inevitable fluctuations. It's disheartening to observe this perspective, especially when considering the experiences of team members in the US, who faced a similar situation but managed to secure employment. This disparity in mindset may be one reason why individuals hesitate to return to India after experiencing the professional landscape in the US.  

Indian recruiters & hiring managers need to come out & change mindset about laid off engineers & managers. This is truly killing the entire ecosystem.

Layoff in India vs US

Engineering Manager

Heard that Paytm is planning to layoff 10% of entire work force. Across all levels.

Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation. 

And the layoffs will be hidden under the guise of mid year appraisals. #PaytmKaro

Layoffs coming up at Paytm

Data Scientist

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

I believe the supply is more than demand for the talent pool nowadays. So, is cost cutting is the only reason or roles are getting redundant too? I am looking for good insights across sectors and roles to understand the overall situation.

Which all companies are laying off?

Business Analyst

Hi Guys,
The management at Paytm has informed around 30-40 % will be laid off in May end.

I will be affected by Paytm layoffs as list is being prepared.
Any referrals/leads for backend software Engineer(tech stack Scala,Kafka,SQL,AWS ) would be helpful as I had joined Paytm as fresher last year.Total experience will be 1 year in June.

Laidoff by paytm

Just a random thought.. please shed some light!!

why don't companies do pay cuts instead of lay offs?

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

PayU India had a silent layoff

Lead Data Scientist

Welcome to Indian Startups's Private Community

following events occurred before and after layoff:
(Layoff was planned long before just that GST gave a good excuse)
1. Two months back on call to employees they announced no need to worry we have good run way and we are doing good. They said all are safe.
2. A month back call happened again for GST calls
3. GST arrived
4. A call got scheduled informing mass layoff
5. Layoff happened, two types of people got affected, 
firstly who were not needed got laid off because they were being paid more than for what they contribute.
Secondly, politics happened and people who are paid reasonably and even people who are getting less salaries and are hard working also got laid off
6. After a. successful execution of Layoff, since no body pin pointed about why such big cut just after the announcement,  again a call got scheduled.
7. Hikes were announced for all and again the same promises what they did before layoff to all. 
8. Party happened and good sleep because they achieved a great milestone.
9. next we will get to know after the long weekend.

I am personally in pain seeing such good folks parting ways. Its called backstabbing. I know few folks very personally and they are cream but bad at politics and sycophancy. 
I hope god put them all in better place. 

Severance pay and laptop is not as helpful as a job at this point of time.

The market is not good, MPL should have supported folks who were loyal to them.

MPL’s game behind layoff

Welcome to Fintech India's Private Community

PayU India going to start conducting layoffs starting Sept 23

If we look at layoff trends in India, then late stage IPO headed startups are doing it to boost profitability, or mid to early stage ones where they're trying to fit into a viable biz model. some mid sized MNCs also did layoffs where they have seen hit to their books.. all in all, crux was similar - to boost efficiency and eliminate redundancy.
Then comes the companies with their support teams in india or US/EU banks and their ops outsourced in India.. i mean if you got friends in these firms you would understand how chillax they're about this.

Take the example of AmEx...there's so much slack in the company, got few friends there and all of them don't work more 4 hours a day and that too most of the work some excel and next to shit level of python/sql while their salary in almost 90-95% of avg market (similar to what top paying startups).. Along with that teams are operating at 150% of strength so wlb is heaven there. story is similar with folks in similar US based support ops in india (citi, jp morgan, mastercard, some service based orgs etc)

but look the irony of overall market.. you should be efficient and scared about your job as long you're into startups and Indian firms but once you make it captive or offshore centres of these US based firms.. you're life is chill, relax, no bad wlb, practically no layoffs. so you won't find these folks scrambling across GV or fishbowl or like that and getting stressed about seeing how other folks feel when one of the closer startups decided to restructure 

(i am frustrated because i once let go a offer of top US fintech company to go for a startup and now all i have is regrets given how the events across startup ecosystem are folding like layoffs across Fk, swiggy etc.. and not only layoffs but in general WLB and culture has taken a huge huge hit ::///// ) well it is what it is i guess then :,)

Layoffs trends in India

Program Manager

https://m.economictimes.com/jobs/hr-policies-trends/mass-layoffs-hit-tech-industry-over-27000-jobs-cut-as-intel-cisco-ibm-and-apple-slash-workforce/amp_articleshow/113080323.cms

Mass layoffs...

Human Resources

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? 

If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? 

Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..

Job Market right now in India?

It is really bad right now 
 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big MnC. 
 2. Almost everyone I know of wants to switch, because of no/less appraisals from last 2 years 
 3. Bad work life balance - people thinks switching might help 
 4. Too much competition for any open position. Because of too much supply, companies are low-balling and people would accept the offer.  
  
 Recruiters ghosting is too common. Even if you've killed in your interviews and recruiters get someone who's ready to join on less pay, they'll simply ghost you.

TikTok Layoffs | ByteDance cuts hundreds of jobs globally as platform shifts to AI moderation: Report https://www.livemint.com/companies/news/tiktok-layoffs-bytedance-cuts-hundreds-of-jobs-globally-as-platform-shifts-to-ai-moderation-report-11728720808330.html

AI effect.

1. some people are pressured into resigning under the guise of poor performance, despite years of dedication.
2. sudden demand for employees to work from the office on specific days, hinting at wanting people to quit on their own.
3. layoff happening as reported by media (and internal group on grapevine), still unclear on how deep the cut will be can be from 20% or above; numbers are speculative, lets wait and watch, many have started getting the calls from HR; shabbily handled.
4. let's not talk about increments 🤡

🤞🏻 lets see what happens today and in the next few weeks; hope things become better

Here is what is happening at Paytm

Layoffs in Indian IT firms over last one year

It’s disheartening to see 1000s of people being laid off in recent times. Most of them have a family to feed and EMIs / bills to pay.

Today it’s them and tomorrow it could be Me and You as well. 

And it’s pretty much clear that these new age companies are not empathetic and would go to any extent to meet their goals.

Why isn’t any employee doing anything about these atrocities? 

Following are the few ways to send out a strong message to these employers for abusing / blackmailing / and forcing resignations and PIPs (share more in comments)

1. Boycott their products / Services - make a noise about it on social media.

2. Stop subscribing to their IPOs or start dumping their stocks.

3. Uninstall their apps.

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