Software Engineer

Software Developer

Even like nokia has sell their products to other company.and also transfer their resource

Welcome to 2nd month of 2024.  After Big tech like Amazon, alphabet and Microsoft now big telecom firms are also following the suit.  After Ericson and Nokia, Cisco has decided to lay off 1000s of ...

Welcome to 2nd month of 2024.

After Big tech like Amazon, alphabet and Microsoft now big telecom firms are also following the suit.

After Ericson and Nokia, Cisco has decided to lay off 1000s of employees...

Do u agree that firing employees will boost growth in all cases??

If yes, how safe r u!

Layoffs = High Growth 📈

Senior Consultant

Layoffs = High Growth 📈- Grapevine

Is it true that CISCO is going to lay off 7% of its employees? Why are there so many layoffs happening in these times? Is technology taking our jobs?

CISCO Layoff

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?

Welcome to Software Engineers's Private Community

Cisco to layoff 4000, Nike to layoff 1500, Salesforce is going to have a fresh round of layoff, Google is planning layoff and the list goes on.
Where will this madness end?

Feel like it's the end

https://www.cnbc.com/2024/02/14/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html

Cisco to layoff more than 4000 - That is some big number!

Data Scientist

Welcome to News Discussion's Private Community

#4 Most profitable company laying off?

Founder

https://www.reuters.com/business/cisco-cut-thousands-jobs-it-seeks-focus-high-growth-areas-sources-2024-02-09/

Confirmed - Massive layoffs at Cisco

Welcome to Office Gossip's Private Community

90 days notice period required, non-compete agreements get signed but when they want to layoff..woosh! Pack your bag and F*** Off!

Wirpo joins the lay offs bandwagon.

Chartered Accountant

Is there any layoffs coming this quarter from Meta, Amazon, Apple, Google, Microsoft?

Is there any layoffs coming up in Big Techs?

Program Manager

Guys, i am in final year B.Tech, currently preparing for placements. 

My Parents advice is to prepare for Govt Jobs. They are fearing about the layoffs, but my aim is to get job in anyone of the MAANG.

I just want to know why layoffs happening. Is it because of the over hiring or because of the poor performance of the employees.

Please share your experience in your company too.

PS: Please upvote to get more reach.

Why still layoffs in MAANG?

E+D getting hit heavily time after time. I expect Azure will also get hit this month as well.

Microsoft layoffs started

Engineering Manager

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.

Human Resources

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

All of our fears about AI was correct! 

They will take our jobs, they will overtake the world & will finally turn against us. 

https://www.peoplematters.in/news/talent-management/ibm-asks-employees-to-volunteer-for-layoffs-targets-80-cuts-in-key-departments-including-hr-40430 IBM asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR

IBM planning 80% layoffs

Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?

Cisco to lay off 8-10k next week?

Investor

How can we be layoff proof even companies like Citi , Barclays , google are firing people

Layoff proof

What u guys think will there be mass layoffs in Indian IT in coming days??

Layoffs

Analyst

Having recently been laid off, these last 2 months was a life changing experience and it taught me a lot of things than any degree or organisation ever did. Some pointers:

1. The people who make the decisions never get punished or are held responsible, its the folks like us who are the first to be pushed out of the door.
2. Its shocking to see the layoffs like firesale, affecting almost each and every company in the IT sector. But it makes you think, did some companies really need to layoff people or did they just do it to inflate their share price and Mcap. The upper management and LT are paid in crores to make the decisions and how could they unanimously fail in such a critical part of business planning.
3. Its all about profits. There's no humanity in any of these companies or rather the folks making the decisions and it doesn't matter if you have been with them for 2 years or 20. If I was responsible for 100 people under me and some of them lost jobs because of the decision I made, I would have stepped down myself and wouldn't be able to sleep at night knowing I uprooted the dreams and hopes of not just employees but their families as well, many of whom are sole bread earners of the family. 
4. Treat your employer just as you would treat any brand outside when you go out to shop - treat it like a transaction and nothing else. This layoff also taught me to never compromise about your career and position within an organisation. If the organisation can layoff so many people without a second thought, there's nothing holding you back from joining the next organisation who is offering a better role/compensation. 
5. Be a risk taker. Thankfully I have always been this and this helped me rise quickly in my 6 year career but it's my suggestion to everyone and not just folks affected by layoffs - Never get comfortable in any organisation or any role.
Would love to hear what others think or went through during this difficult period.

Layoffs = High Growth 📈

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