LinkedIn Layoffs India
Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people. Like whats happening man!!! Is the company dumb or what?
It makes sense for company to layoff overpaid employees & hire similar skilled employee at lower salary.. Isn't it?
stupidusername
Stealth
a year ago
Best luck to you
tEchBro
Stealth
a year ago
Can they not tell their employees to take pay cuts? Why to layoff them?
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(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit
tEchBro
Stealth
a year ago
Will you explain this in simpler terms, a fresh college grad here
gl1tchr
Stealth
a year ago
1. Reduce salaries by firing overpaid employees and hiring similarly skilled cheaper employees 2. Less salary expense means company has more net profits 3. More net profits means that the company’s share price will rise, and the top management (CEOs, etc) usually are also given company stocks along with salary - hence they can sell the stocks and make more money
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AverageNITStudent
Student
a year ago
With every passing day I feel career in tech is no longer sustainable for future
Brutallyhonest
Stealth
a year ago
Govt job zindabaad
tEchBro
Stealth
a year ago
@DaLeVis I would have gone for a government job, but tech is my kind of thing and PSUs don't have many openings. Cramming GK questions just for the sake of banking doesn't just appeal me
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Royalflush
Stealth
a year ago
•Engineering Management: 137
•Product: 38
•Engineering: 368
RashWorld57
Stealth
a year ago
Number of fired or remaining?
tEchBro
Stealth
a year ago
Number laid off
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Hiring won’t stop. They can bag fresh ones at lower than before compensation
Backendd
Stealth
a year ago
Did they layoff the software dept ones or other depts
faang
Stealth
a year ago
ya software
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https://x.com/rishikagupta__/status/1713976733656072232?s=46&t=hTgaYbKm1QTK9Kl5IwiHyQ
Reduction of 563 roles across R&D...Job Dene Wale khud job mangne Wale ho gaye.
Brutallyhonest
Stealth
a year ago
Is it true that everyone got to keep their laptops after getting laid off plus 6 months severance package
givemehike
Stealth
a year ago
Not in India think so. In US.
SrSoftieBro
Stealth
a year ago
Usually layoffs are executed from top and are discreet until they happen. It’s common to not stop the recruiting funnel before announcing layoffs so that it can be executed properly and avoid panic in the teams.
Qwerty2398
Stealth
a year ago
I hope the product manager who was responsible for making it a cringe posting platform is fired.
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