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I read on mba social's insta handle that media. net has hired bouncers who would escort the employees and make sure they can't go to desk to take back their stuffs!   Is it true or just exaggerated??

I read on mba social's insta handle that media. net has hired bouncers who would escort the employees and make sure they can't go to desk to take back their stuffs! 

Is it true or just exaggerated??

Media. Net using bouncers for layoffs??

Media. Net using bouncers for layoffs??- Grapevine

Heard it's laying off 30% of its tech workforce.

What's happening at Media.net?

Analyst

media.net (DirectI group) has postponed the joining of product managers hired from campus placements of top BSchools of India, IIM ABCL ISB XLRI etc. No specific timeline has been provided, HR said “joining is postponed”, that’s it. 

Insider news is that layoffs are happening at media.net and employees haven’t been given any appraisals this year. 
They are also forcing work from office on their employees so that they resign by themselves. 

also, I read a news article related to Ad Fraud done by media.net on Forbes Website.

https://www.thedrum.com/news/2024/04/04/forbes-accused-selling-mfa-media-brands-under-guise-legitimate-ad-space

Media net is in a very bad shape rn. RIP 🪦

joining date postponed by media.net

Product Manager

Entire team at media.net is laid off.
Whole BU is laid off including analyst & senior PM's.

Layoff at Media.net

Software Engineer

How it happened?
-wifi turned off
-Slack disabled
-Email disabled

Mojocare laysoff their entire staff of around 200+ people

That's some crazy shit, the CEO reached out to me 3-4 months back on LinkedIn for a Managerial position. Glad that I rejected it.

Customer Success

Founder

Is that true? Just saw one random article

Accenture fired 5000+ employees?!

Welcome to Indian Startups's Private Community

Overheard someone working at Inshorts Noida office that they are doing layoffs right now. Is it true ? Can someone confirm ?

Layoffs at Inshorts ?

Software Developer

Today, all of a sudden, some folks got emails that they have been laid off. There is an uncertainty around the transparency of layoffs now. It was communicated org wide last March and November when then last 2 layoffs were conducted. This time, no-one seems to know how many people got impacted and who got impacted.

Some people at head/lead/senior positions have started voluntary leaving as well. Not sure if they are being asked to leave or if they are leaving themselves.

Hard to see these things happening in a company with an amazing work culture. :/

3rd round of layoffs at Gojek/GoTo

Work culture amazing ho ya tatti…. Jab waqt bura ho, lay-off sabka aata hai…. Kat ta sabka hai….

It was a pretty tense situation at the office. 

Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go today.

Pretty scary scenario today. Just putting out an update. Apparently it was done to please the investors for the next series of funding. Can't say for sure though.

CityMall conducted layoffs today.

DevOps Engineer

If he gives me ESOPs worth the CEO's shares then sure I would have an entrepreneurial mindset.

According to him we shouldn't care about money

Putting Zypp Electric in Never Apply list

Consultant

First, they had a layoff.
Lot of good people quit including great people
Then, they had a second lay off 
Some  great people in the leadership quit.
Middle management people are quitting every day.
Only engineers and other people who are not able to get jobs are remaining 
They shut down majority of US acquisitions
They are trying to sell some of them like Tynkr and Epic
Not able to raise funding till now even though trying since December 
Sales is down 90% 
New Inside Sales process is not working 
They are out of runway.

Byjus may shut down

Growth Manager

Moengage is hosting a “flagship” event in their “home turf” and are asking employees not to come so they can save money on the number of plates served during lunch and the amount of beer bottles served. 

What’s the cheapest cost cutting measure your company has taken so far?

The irony is that Moengage called an investor to whitewash their financial condition in a recent town hall.

What’s the chindiest cost cutting measure your company has taken?

Heard that they had 7 floors and now only one floor left. 1300+ peoole let go in 3 months

dealshare layoff 90% staff

Project Manager

an angry employee deleted the whole GitHub organisation / repos of his company out of spite as he gets fired ;_;

This has affected the production servers as well.

what would be the repercussions for that employee for pulling off something like this.

employee nukes github org as he gets laid off

Welcome to Office Gossip's Private Community

Housing.com (REA India) ranked 3rd in the GPTW survey this year. They provide several awesome perks like, laying off without any notice, fucking their reviews just so that they could justify the lay offs, and threatening actions if anything came out on social media. 

10-15% of the whole tech team was laid off (mostly freshers) apparently on the basis of low performance.  It was all carried out by the higher management, not even the managers had any clue about the lay off happening. 

The performance rating was rigged by the higher management who had no interaction with the tech people. They had this awesome idea of getting reviewed by people who we had never interacted with. Managers were merely bystanders who had no say in the performance review whatsoever. 


PS: A note for the management -->
Housing.com would be an employee friendly company only if you guys would give two fucks about employees, instead of Caring so much about the GPTW ranking like conducting hands on sessions and literally forcing people to put in good rating.

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

The rigged performance rating and the secrecy is so true. I got to know about my colleague getting fired when I opened his slack which was deactivated. Upon calling, he said it was all done in 5 mins, Forceful resignation, No Severance and was asked to post nothing on social media.  
  
 From my team alone 2 people have been laid off both freshers.

The economy went down? Yes. Did it affect all kinds of companies? Yes

Did the banks fire any one? No 
Did the Railways fire anyone? No 
Did the media agencies fire anyone? No 

Did Large Tech companies and IT fire people? Absolutely yes 

Tech is the most ruthless-stupid sector that is so flimsy and short sighted that it doesn't care jack-shit about employees

Tech companies will pay employees large salaries in a heartbeat, they'll hire 1000s of them and then fire 100s of them in a heartbeat destroying careers. 

Sigh!

Tech has failed to be a good employer; Layoffs are just one example

Not the way it works. 
It's a function of how fast an industry grows -> The faster it is, the more you have to hire in advance, because you know if the pace continues, you'll need as many. 

Railways needs 5K people this year, they need 5K next year
Google needs 5K people, they need 7.5K next year (if things continue) 
At startup needs 500 people today, it needs 2000 next year (if pace continues) 

So when the pace does not continue, the impact is equally drastic.
Startup fires 25-30%
Google fires 5-10%
Railway fires no one.

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