As a part of the cost cutting laying off seniors and some juniors( already overworked people are gonna be more overworked now).

Layoffs | Aster DM Healthcare

Human Resources

Layoffs | Aster DM Healthcare- Grapevine

Welcome to Office Gossip's Private Community

Is 10% appraisal good for top performers or is the company lowballing?

What is your appraisal % ?

Software Engineer

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

Swiggy lays off 380 in emergency townhall

Product Manager

Folks, Have you heard of senior layoffs since Apr’24 in TCS, Infy, Cogni or Capgemini?

Senior redundancies

Program Manager

As of now 10 members laid off in consumer banking division in Hyderabad.

Layoffs Started in Goldman Sachs

Analyst

Just heard from my seniors layoffs are know happening at pharmeasy . Already happened once in dec.  Dont know whether i am secure or not .

Layoffs started again at pharmeasy :-(

Welcome to Software Engineers's Private Community

There is rumours that in upcoming week , there is mass layoff at pharmEasy .

Is pharmEasy is doing more layoff.

Welcome to Fintech India's Private Community

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

Software Developer

Welcome to Indian Startups's Private Community

Heard MPL is laying off massively , due to 28% GST rule in gaming. Employees have been asked to work for home for a week , so that they can structure layoffs.

MPL mass layoff

Founder

I'm currently awaiting result of my interviews at Zeta for Prog Mgr role.
1. Anyone aware of the benchmarks or what would be a good hike in the current mkt. environment?
2. How's wlb and culture at Zeta?

My current base is 25LpA + Esops with 4 yr relevant work experience.
Another fact: I'm in a remote setup company, so working from a Tier 2 city And Zeta will be a 5 day office.
Any other red flags/advise is welcomed

Zeta

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

From what I hear from a friend who is aware of the leadership discussions, MPL might be looking to lay off close to 50% of its workforce and shut down most of its other BU’s to consolidate by October. This would include folks even till the SVP levels. This might be one of the first pins to fall with the 28% GST rule kicking in by October. Dark days ahead for online RMG  industry in India

Massive layoffs coming up at MPL

companies like MPL should not exist in the first place. Why promote gambling?. not for any moral reasons,  if someone wants to gamble, let them go to a casino and do it. Instead, making it easier for some one to gamble at  any time/anywhere is unacceptable.

Product Head

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Massive Layoffs at HealthTech Startup

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

Growth Manager

Just wanted to give some updates now that it has been 1 month since the last post

1) Senior Leadership from Tech (3) , a senior director from Product , Finance Head have all resigned. Strategy team has been dissolved. 
2) There are more people in the pipeline and will get more clarity by month end.
3) Everyone over the CTC of 60 lakh has been asked about the revenue that they bring in and based on that, their position is being reconsidered.
4) All contract workers have been terminated. Interns have been told that they won't be receiving PPOs.
5) Senior Management Has been asked to take 20% paycuts. 
6) Even at Junior level, people have been asked to take pay cuts or resign.
7) Lots of tools used in tech are being removed and AWS subscription has also been revised.


Meanwhile HRs have been celebrating on slack channels that Yubi has been ranked in Top 25 companies for career development :/

Rampant Negativity at Yubi Part 2

https://www.instagram.com/reel/DBL3lmbR8uk/?igsh=dHF6dDgzYW9wcXZ1

Layoffs restructuring 🤡

Lay off at Kronos on holi

Who are the teams being laid off in Amazon in India? Is it the operations staff, admin or the SDEs 1 or 2 or senior coders?

Amazon layoffs

Corporate Banking

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

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

Meesho started layoffs !!!!

JP Morgan lays off 1000+ employees at Newly acquired First Republic Bank 

https://www.forbes.com/sites/brianbushard/2023/05/26/spring-2023-layoff-tracker-jpmorgan-cuts-1000-first-republic-employees/

Layoffs | Aster DM Healthcare

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