Mass Lay-offs at housing.com (REA India)

Leadership is clueless and one of the most toxic workplaces where people are bullied and no boundaries are considered .Just a week before the appraisal cycle, the let go of 100+ folks both billed onsite and offsite without even informing anyone in the team which impacted the work and morale of existing people. When asked about this to the management, all they cared about was the reviews on the ambition box and Glassdoor being low. They asked employees to give good reviews and when it was not working they used the marketing team to give good reviews, you can check the reviews yourself to verify this. The next big thing is , keeping org wide evaluations from manager level also and calling it some development program and mandating the employees to take it along with delivery work. So we can expect more rounds to happen going forward. What is more sad is the blackmailing and forcing employees to take down reviews and employees who are planning to goo

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Apparently 1k Were made Under Performs and laied off Is this True ?

I don’t understand what the point really was - companies with a bad product are still struggling - companies with a good product are still growing - rent in Bangalore, Mumbai is still sky high - salaries are still high, people are still asking for more - food is expensive as ever - stock prices of companies that fired people never really went up Someone make any sense or any of this?

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?

15-18 folks we informed about termination today.

I was working with Dun and Bradstreet here in Hyderabad. Called yesterday to my workplace, and was told that I was being let go due to some restructuring. In plain terms you are fired. Once again handled really poorly, no advance notice nothing. Was not even prepared for it. Layoffs are inevitable but the least companies can do is to handle it better. They just don't understand that this only gives em negative image or maybe they don't care.

Post phonepe declined to acquire Zest, following ate the scenarios at Zest : 1. 33% employees laid off 2. 33% employees were hired at Phonepe 3. 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so might move away.