QuirkyBiscuit
QuirkyBiscuit

Life turns after layoffs for a employee

We always talk about the success stories but sometimes we have to see the other side of the coin in tech, yes , the other side. Recently, i met my relative who lives at K R Puram, and this happened to a tenant who lived at his place for rent and this happened to him tenant who worked as a product manager in a Bangalore-based unicorn company

My relative came to give invitation for his daughter wedding and shared this story of his tenant, who was impacted on the layoff and he could not not even pay his rent and he along his family (wife and a 3-year-old child), had to return to his native place, Mysore, to live with his parents as his savings was over and they cannot afford to stay here

He told me that the person who stayed in his place was an engineering and MBA graduate and got into unicorn as a product manager and everything was going on fine until he was laid off in April 2024 with less severance and his wife was pregnant and had left her job as a product designer few months ago and she had medical issues, making her unable to contribute to the house expense He gave everything to secure his next role but the applications got no response, literally leaving him frustrated After 3 months, he was on no place to go.

His 3 monthly rent of 20,000 was deducted from his advance 1L and he had no money to pay next month's rent His savings went on loans he took for bank EMI , child school fees, groceries, wife medical expenses, and car petrol, and savings went on thin air In August 2024, he was with nothing literally nothing and the owner, being an ex-employee from Infosys, told him about the situation and asked him to stop searching this job search and go back to home, as he agreed to return the amount and did not charge august month rent and he went home with his wife and a child

We all talk about Bangalore being a it hub and giving a lot of people life but at the same time, i feel that we must also realise it is just a job and stop over celebrating it

Simple

4mo ago
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