Most of them have a maximum bench period . 
 If one does not find projects within that , the employee is politely asked to leave .  
 yes, the data in OP may not be fully layoffs

Product Manager

Assistant Manager

Witch companies are the worst as they do silent layoff while Faang do it transparently

They can’t announce these things their sez status will go 😂

Software Engineer

Layoffs in Indian IT firms over last one year

Layoffs in Indian IT firms over last one year- Grapevine

Welcome to Software Engineers's Private Community

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

Layoffs

Analyst

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

Headcount in Indian IT companies continue to decline.

Wipro to layoff hundreds of mid-level employees to improve profit margins.

Solution Architect

Welcome to News Discussion's Private Community

- **India's top IT firms** are controlling people costs amid a global slowdown.
- **Middle and senior executives** are being replaced by junior employees, with upskilling investments accounting for 5-7% of costs.
- **Wage costs** for TCS, Infosys, and HCLTech have declined, while Wipro saw a slight increase.
- **Attrition rates** have risen slightly across major firms.
- **Future hiring** remains uncertain, influenced by global events and market conditions.

Source: [Mint](https://www.livemint.com/companies/latest-company-news-today-on-october-19-2024-live-updates-11729296010195.html), [Mint](https://www.livemint.com/companies/people/india-it-services-employee-costs-wage-costs-hiring-attrition-cost-cutting-demand-it-slowdown-tcs-infosys-hcltech-wipro-11729242822117.html)

India's IT Firms Tighten Wage Belts Amid Slowdown

Journalist

Have Ibm and Intel started layoffs in India??

Intel/IBM layoff

Product Owner

266 tech companies w/ layoffs ∙ 74,992 employees laid off in 2024.

https://layoffs.fyi/

A comprehensive list of tech layoffs

Cloud Consultant

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

https://www.desiqna.in/11475/cognizant-fires-18000-employees-gives-crore-joining-salary

Cognizant fires 18000 employees but gives 6 crore joining bonus and 57 crore salary to new CEO in new year - Desi QnA

Consultant

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

Welcome to IT Company Discussion's Private Community

More than 200,000 tech workers have been laid off in the U.S. between November 2022 and January 2023

Less revenue for US Companies -> Less revenue for IT Outsourcing -> More employees on PiP -> Layoffs 

Is this cycle right or am I missing something?

US Recession and Indian IT Service Companies Layoffs [Assumption]

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

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.

Software Developer

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

Senior redundancies

Program Manager

- Major Indian IT companies like Infosys, HCLTech, and LTIMindtree have deferred wage hikes to Q3 FY25 due to sluggish demand. 
- This delay reflects the uncertainty in the global demand environment, particularly for discretionary IT services. 
- Aggregate margins may increase by 25 basis points sequentially, with HCLTech leading. 
- However, not all firms are benefiting equally from this cost-saving measure. Mid-tier players may still face headwinds related to earlier commitments to employee compensation. 
- Analysts are optimistic that wage hikes are imminent as the worst is believed to be over.

Source: [Moneycontrol](https://www.moneycontrol.com/technology/infosys-hcltech-ltimindtree-shift-wage-hikes-to-q3-to-sustain-margins-amidst-weak-demand-article-12834589.html)

Indian IT Firms Delay Wage Hikes Amidst Weak Demand

https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html

Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the league of other companies like Microsoft, Salesforce, Vimeo to fire their employees in 2023 till now.

Over 50,000 employees laid off by 153 companies globally in 2023 so far as Google joined the league

Massive layoffs

Customer Experience

There are rumours that fresh rounds of layoffs were to happen in next two weeks. Here is my take on the layoff spree.

High inflation, low jobs, less on spending, economic meltdown for IT employees, impact on IT cities like Bengaluru, Hyderabad, Pune, Mumbai, Chennai. 

Less spending on equity, mutual funds, real estate(premium villas, apartments). Chances of housing loan defaults, NPA on raise and the recession crisis. This will go for next 6 months. So, stay where ever you are. Don’t change jobs in this market

Fresh round of layoffs to happen

Lawyer

Microsoft layoffs around 1,000 employees, affecting departments including the mixed reality team working on HoloLens 2. 

Google did 100 in GCP, more will come soon. 

#layoffs

MS layoff

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

Welcome to Indian Startups's Private Community

I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO! 

This crippling feeling of insecurity or job loss always puts an extra stress on day to day life. I couldn't take any risks in terms of a house or a car or a big EMI purchase in life! 

What if I get laid off? Will this generalist role help in landing anything next? Do I need an MBA for that? Switching to any specialized roles will take extensive preparation with time being in short supply with family and kids! 

Seem to have been strangled in the startup world. Any cure for this?

P.S : Sometimes thinking : Mommy sahi bolti thi. Govt job le leni chahiye thi. :D

How to get rid of layoff fear and feel secure?

Project Manager

Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal year. Is the backbone of the Indian economy weakening?

Layoffs in Indian IT firms over last one year

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