My friend told me that Quantive laid off 57 people (16% of company)  today as part of their restructuring exercise.  Majority people are laid off from revenue,GTM and marketing streams.

My friend told me that Quantive laid off 57 people (16% of company)  today as part of their restructuring exercise.

Majority people are laid off from revenue,GTM and marketing streams.

Layoffs at Quantive (GTMhub)

Senior Product Manager

Layoffs at Quantive (GTMhub)- Grapevine

Heard from a friend that their team is seeing possible layoffs of 30-40% of people. Is this credible across smallcase or just their team?

More layoffs at smallcase?

Product Manager

I have heard a news that Priceline had layoff 150 people including their CTO.

Layoffs at Priceline

Android Engineer

Quite a large number of people were asked to resign gradually over the 3 weeks.

The impacted personnel include SEs,Some PMs, and EMs too.

Looks like a massive downsizing. Around 30 percent of the folks seem affected, but I'm not sure on that number.

No severance. A month of notice.

Layoffs at Practo

Software Engineer

Welcome to Software Engineers's Private Community

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Data Scientist

Tata nexarc asked 20% of its employees to leave organisation in next 90 days. They have been informed that their resume has been floated to other TATA group companies

Tata nexarc layoff

Almost 90% of the employees (appx 130) have been laid off with the remaining being absorbed by Affinidi India. Both of them are Temasek funded in-house ventures.

Layoffs at Goodworker!!!

Retention Manager

After Unicorns now it's VCs 😁

Any idea whether this happened in India as well for their new entity ?

https://www.forbes.com/sites/kenrickcai/2023/07/24/sequoia-talent-team-layoffs-firm-restructuring/?sh=5d3a78d925f4

Sequoia VC  Layoffs

Growth Manager

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Layoffs at pinelabs

Product Designer

Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.

Intuit Layoffs

Analyst

Heard 20% of workforce is laid off in velocity this week.

Layoffs in Velocity ?

Consultant

It was a pretty tense situation at the office. 

Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go today.

Pretty scary scenario today. Just putting out an update. Apparently it was done to please the investors for the next series of funding. Can't say for sure though.

CityMall conducted layoffs today.

DevOps Engineer

Zoom layoffs 1300 or 15% employees on tuesday.

Zoom layoff 1300

Welcome to News Discussion's Private Community

Dell to layoff 6500 employees, cut 5% of workforce.

Dell Technologies Layoff

Project Coordinator

Zomato laid off most of the talent Acquisition people

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

Swiggy lays off 380 in emergency townhall

Welcome to Indian Startups's Private Community

Paytm layoffs

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Founders are not shitposting on the socials, so that’s good I think 😅

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!

Layoff at BYJUS as mentioned by articles

Hired lionel messi to promote brand and cuts employees to save costs.  
  
 What a fucking high IQ C suite the company has🤣 piece of shits, thats why never work for Indian companies. No morals

AI Engineer

I heard that even VCs like Sequoia and Matrix Venture Partners are laying off people 

Sequoia has laid off 3 Analysts, 1 VP and 1 associate and Matrix has laid off 5-6 people

Any thoughts? Is it true? 

#layoffs

Venture Capital layoffs

Venture Capital

Preqin has laid off around 40% of its workforce from India today. The company has a 2 month notice period policy but affected people don't need to serve this period. They will get 2 months salary + severence packgae which is worth 2 monhs salary, so 4 monthspay in total. 
This company had started compulsory WFH this month.

Layoffs at Quantive (GTMhub)

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