Someone will chop hands if such questions are asked in all hands

Software Developer

Business Development Manager

W in Witch started this.  Operating Margin was consistently below 17% for Wipro.  Now it's 16%.  Those who don't know about margin it's like profit out of 100rs, so total Revenue is 100rs, then pro...

W in Witch started this.

Operating Margin was consistently below 17% for Wipro.

Now it's 16%.

Those who don't know about margin it's like profit out of 100rs, so total Revenue is 100rs, then profit 16rs.

For Tech or IT sector, 25% is called a healthy margin.

HCL 18%
Infosys 22%
TCS 27%
Cognizant 14%

Apple 30%
Alphabet 25%

Loss making will be in -ve territory

Zomato -10%
Swiggy -53%

So, you can decide the boat as per ops margin.

Higher the better.

Do u know ur companies ops margin? ( Or u just go to have samosa n tea in all hands)

Margin improvement Theory...

Senior Consultant

Margin improvement Theory...- Grapevine

Swiggy to cut 8-10% of workforce

Cloud Architect

Welcome to Indian Startups's Private Community

Might be a good bet to filter out the ones with good culture, and apply there if you want a somewhat safe but growing career.
Does anybody know startups here with good culture?

The list that truly matters. India's unicorns sorted by profit in FY22.

Product Manager

Name the startups makes 1000 Cr profit per year?

Investor

They want to improve margins 
Source - Economic times

Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte's biggest bet. Job cuts are part of the 'Left-Shift' strategy. Wipro underperforms and faces conflicting goals.

Exclusive: Wipro to lay off hundreds of mid-level employees to improve margins

Wipro to lay-off middle level (on-site)

DevOps Engineer

Welcome to News Discussion's Private Community

Sharing more context on what is driving this in the comments section 👇🏻

Zomato stock at all time high again 🚀

Wipro is in the process of cutting hundreds of mid-level roles onsite as it attempts to improve its margin.
Folks what's the reason for layoffs across the world please share your insights.

Wipro to lay off hundreds of mid-level employees.

Welcome to Software Engineers's Private Community

As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Reality check at Zomato

Founder

Swiggy hits EBITDA profitability on its food delivery business. For context, Zomato turned EBITDA profitable in their last quarter (food delivery) as well. Thoughts?

Investment Associate

Just say we need cheap labour. Btw guess how much I asked for.

In India, your expertise and seniority level is decided by your current compensation.

I saw a Staff Developer role and the recruiter's budget was 16lpa. They were looking for 10+ years of experience for that role.

Analyst

Product Designer

Welcome to Business Roles's Private Community

Hey. I graduated from a tier 4 uni with a non-engg degree (3 years). 

Including a breakdown of compensation to show what’s possible, apologies for the humble brag. 

Year 1: 12 lakh 
Year 3: 36 lakh + 15 lakh SOPs 
Year 6: 50 lakh + 5 lakh SOPs 
Year 8: 75 lakh + 30 lakh SOPs
Year 10: 110 lakh + 60 lakh SOPs

I’ve worked in increasingly larger companies, latest is a decacorn+.

AMA!

PM w/ 10 YOE, TC >1.5CR, AMA

Welcome to Office Gossip's Private Community

Absolutely sad to see the state of the startups, most of them.
I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates.
Look at all these companies that have raised shit tons of capital, and now make a fraction of money that has been invested in them.
The raised money is spent on outsized, non business sense making acquisition costs, only to keep repeating it till the tap runs dry.
Then when all stakeholders get bored, the service quality plummets, the employees are fired and whole sectors are admonished as being bad.

But, my question is, which sector where large sums of money was invested in early days have come out with flying colours. Fucking nothing !
Edtech, proptech, agritech, ecommerce etc. etc. etc. kuch bhi nahi. 

Is there any sector where a startup which has raised in the 100s of millions in the first 5 years have actually built a sustainable business at any scale ?
Then scaling down, isse acha, scale slowly.
The worst part of this whole drama, is pushing the innovation wheel backward and destroying customer sentiment.

Isse acha, raise less money inititally, build slowly, and only scale when the market is ready. Artifical growth makes no sense, unless you have a treasure chest that shall never run out.
Even in that case, spend the money on assets and not on random acquisition costs, direct or indirect.

As founders, let's do better, nahi ?

Rant or is it ?

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart  since inception now amounts to Rs. 12,600 crore. And we are talking about  the flag bearer of India's success story 's performance in 16th year since its inception

After 16 years of existence should we still call Flipkart a startup?

Sales Manager

Software Engineer

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Most of my peer colleagues are working late at night and on weekends as well. But I don't want to do it, now my manager (program manager, product manager, personal manager) is questioning my productivity and trying to compare me with the same level folks. How long I'm going to survive and what is most likely to happen PIP or Layoff?

In this situation, what do you suggest I'm kind of fresher.

Need your suggestions 🙏

Associate IT Engineer

Considering so many startups out there why do people work for witch companies

Just here trying to understand the mentality

Why do people even join WITCH compines

Welcome to Company Reviews's Private Community

@Wipro @WiproCareers @WiproHealth , why pay new joinees 3x higher while underpaying loyal employees? Each year, increments are on hold without reason, and no arrears are given. This unfair treatment needs to stop! #UnfairWipro #EmployeeRights #EqualPay #RespectLoyalty
Wipro

why pay new joinees 3x higher

Operation Manager

After they didn't see the required resignations from 5 day office, now TCS is asking employees to transfer to locations with just 2 week notice.

https://x.com/chandrarsrikant/status/1724764510689587441?s=20

https://www.moneycontrol.com/news/business/after-five-day-work-from-office-tcs-sudden-transfer-notices-outrage-employees-11749621.html

TCS : "Ethical" Tata doing what ethical Tata does

Has anyone started a services business like AdWords agency, Sales agency etc? Not taking about solopreneurs but proper businesses with employees that run without you.

Curious to know what the margins are, how did you come up with the idea, what are the moats.

Anyone started a service business successfully?

I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business

Big if true, given Meesho’s scale

I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping

Margin improvement Theory...

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