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 :,)
What are you talking about ? Amazon did multiple layoffs india, so did Google !
they're minuscule wrt to % of india employees vs the startup ecosystem
@dlfcybercity can you back your claim with some numbers? For example - Amazon laid off 27k folks last year, that's almost 9% of its workforce. Flipkart recently laid off 1k folks, that's around 5% of its workforce.
Plus the example you are giving, AmEx is basically a tier-2 company with mostly support work, just a level above service based companies. Their pay isn't comparable to top unicorns. So they would obviously have chill wlb/low layoffs.
I guess you are aware about a lot of companies operating from dlf cyber hub. Heard similar views on Amex. The work culture is great with excellent pay. Any more such companies that you are aware of other than the one you mentioned?
basically US or EU firms in india who only provide support ops to onshore teams or like that would have great wlb and high job security. but if you're trying to get in, remember lot of folks are waiting to get in atleast since past few months
I don’t understand what the point really was
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