Isn’t this such a sad move for laid off employees. Sigh. The company clearly has a tonne of cash

It's just business and they don't have to buy it, the board just cleared it

Software Engineer

Product Marketing Manager

Product Manager

After laying off 13% of workforce ,Meta announced additional 40billion $ share repurchase authorisation. Now Metals 4th quarter results surpass analysts expectation

Welcome to News Discussion's Private Community

Meta 40billion$ share buyback

Product Owner

Meta 40billion$ share buyback- Grapevine

Guys, heard anything about meta layoffs in India? A WSJ report today said that Meta will start its layoff drive globally this week 😐

Meta layoffs

Founder

Looks like meta is going for 3rd or 4th ( honestly lost count)  round of layoffs . 
Articles suggest that 5000 folks might be affected 😕

These are the world's largest tech companies and have billions in profits. How can they not know how many employees they need? And once the market opens next year again they will hire rapidly. 

Is apple the only top tech company that's hiring sensibly?

New Meta layoffs

- **Whatfix**, a digital adoption platform, has launched a $58 million liquidity program for its employees and investors. 
- This is the company's fourth buyback of employee stock options (ESOPs). 
- The announcement follows the company's recent $125 million Series E funding round, which increased the firm's valuation to $900 million. 
- Whatfix has been awarded five patents by the US Patent Office and has 18 more in progress. 
- The company has doubled its workforce and opened four new offices since its Series D funding round.

Source: [Entrackr](https://entrackr.com/2024/10/whatfix-rolls-out-58-mn-liquidity-event-for-employees-and-investors/)

Whatfix Announces $58M Liquidity Event for Employees, Investors

Journalist

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?

Layoffs were a total failure at changing anything

Analyst

Welcome to Indian Startups's Private Community

Meesho doing its fourth ESOPs buyback worth 200 crore

Hi, what are some average salary of CPO, Head of Product, SVP of Product at mid to late stage startups? I understand it will be a mix of cash + equity. What are those levels?

Salary of CPO, SVP product

Growth Manager

https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/technology/meesho-announces-esop-buyback-of-rs-200-crore-likely-to-benefit-1700-employees-12452511.html/amp

A good news after loooong time.. whats the valuation as per this?

Meesho esops.. can someone explain?

Strategy & operations

Welcome to Office Gossip's Private Community

Layoffs:

Global
- Stripe 14%
- Opendoor 18%
- Twitter 50%
- Delivery hero 
- Chime 12%

India
- Udaan (tranches)
- Chargebee 10%
- Byjus 5%

Hiring freeze:
- Apple
- Amazon

Mega Thread- All tech layoffs so far

How many folks made over 10L in this buyback?  Any folks who made over 1Cr?

PocketFM Buyback worth $8.3M

Office Assistant

Reports that there could be a 3rd round of layoffs at meta. Also there have been rumors that Amazon could layoff more people. 

This month could come with more bad news

Meta 3rd round layoffs

Where did you work and how much money did you make?

Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.

"ESOPs made me rich af"

UX/UI designer

Prosus just released their annual report - was checking it out and saw that they've written off 100% of their Byju's stake

For the unaware, they're Byju's largest share holder with ~10% of the business - their stake was last valued at 2 billion.

They're writing off TWO BILLION - let that sink in!

Also they've marked down their stake in pharmeasy by 35% 🤔

Prosus says Bye-ju's 👋🏼

Investor

Urbancompany announces its biggest ESOP buyback of  203Cr where 446 employee will participate. 
In the era of layoffs be a UC 🙃

UC announces its biggest ESOP buyback

Unacademy’s FY23 Loss Falls 41% To INR 1,678 Cr, Posts INR 907 Cr Revenue

Unacademy’s Loss Falls 40% FY2023

Seems there's another moment happening.
Unclear how many affected but if refer to internal reports then Realty Labs and Monetization people affected. 

Pls confirm Meta folks!

Meta Q2 Layoffs started!

Engineering manager

All of our fears about AI was correct! 

They will take our jobs, they will overtake the world & will finally turn against us. 

https://www.peoplematters.in/news/talent-management/ibm-asks-employees-to-volunteer-for-layoffs-targets-80-cuts-in-key-departments-including-hr-40430 IBM asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR

IBM planning 80% layoffs

Folks from PocketFM it’s time to spill some tea.

PocketFM completes its ESOP buyback

Folks at Flipkart, how do things look on the inside?

The valuation of the ecommerce firm declined to $35 Bn as of January 31, 2024, from $40 Bn in the financial year ended on January 31, 2022.

Flipkart Valuation Declines Over INR 41,000 Cr In Two Years

Things are not looking rosy at Flipkart. $5Bn loss in value in 2 years!

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Meta 40billion$ share buyback

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