Publishers are incentivized to use negative and clickbaity news. Your best option is to stay away from 24/7 news channels and online portals. Go old school physical newspaper if need be. I’m at a point where if the news is important enough it will reach me through family, friends, employer alerts etc.

Human Resources

Software Engineer

What kind of news stories are you expecting?

Staff Engineer

The recent layoff news has been very overwhelming. The new publishers should write some positive stories also. They are spoiling the mood of everyone.

News

Business Development Manager

News- Grapevine

don't you guys think that this whole layoff this is creating more panic among people because of the news click baits than it actually is ??
ofcourse layoffs are happening but newschannels makes you feel like whole world has stopped working 😅

Layoffs

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One more amid Layoff News

Software Developer

In 2020, Google made sweeping commitments to advance diversity, equity and inclusion in the wake of nationwide protests over racial injustice, which are now being cut.

Google Slashes Diversity Programs After Big Promises

This had to happen 😆

- Bengaluru-based Pocket FM has let go of around 200 writers for its US-based shows as part of cost optimization efforts.
- The company did not disclose the exact number of layoffs, but sources indicate around 200 contractual writers were impacted.
- A spokesperson stated that these changes are typical in the content creation industry and do not reflect on the company's overall health.
- Despite the layoffs, Pocket FM is in a strong growth phase with robust revenue signals and is accelerating hiring efforts across regions.
- Founded in 2018, Pocket FM raised $103 million in Series D funding in March 2024 and plans to expand into Europe and Latin America. 

 Source: Moneycontrol

Pocket FM Lays Off 200 Writers Amid Cost Optimization Efforts

Journalist

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Layoffs - A complete mess made by the companies

Analyst

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Welcome to Indian Startups's Private Community

Just spoke to of my friend who works at India’s largest MSME startup where they feel negativity more now than before doing lay offs. 

Is this the case with other startups who did layoff?

Negativity/ Morale is low and more micromanaging

One more startup join the layoff carnival

Byjus has done another round of layoffs today, even VPs and top level managers were affected.
Investors are losing faith in the organization. Looks like the fall of the company has started.

BYJU'S Recent Layoffs

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Layoffs everywhere?

Senior Consultant

Google slowly laying off employees in one country after another is the most nerve wracking move. 
Couple days back they cut employees in Australia and similarly they keep laying off in a new country each week. Must be so enervating for employees. 

IMO meta and Amazon handled layoffs much better

Google slowly laying off

Product Marketing Manager

Welcome to Software Engineers's Private Community

It's always about Layoffs

Heard from people I know at Bain that they are laying off.
This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding) 

A friend got impacted. Seems like this could be 10-15% of their consultants. Unprecedented.

Layoffs at Bain India. At least 100+ people will be affected

When I think I should leave my job and start searching, Grapevine pops one of these scary items 😭

Consultant

Founder

Sad story... Anyone else you know of who has been affected ?

https://www.indiatoday.in/technology/news/story/indian-microsoft-employee-laid-off-after-21-years-for-service-says-it-is-hitting-him-hard-2323719-2023-01-19

https://timesofindia.indiatimes.com/business/india-business/husband-wife-deal-with-layoff-on-social-media/articleshow/97156717.cms

Microsoft Layoff Impacts

Product Manager

Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.

Intuit Layoffs

Welcome to Office Gossip's Private Community

One more layoff !

Looks like planned announcement with Swiggy 🤔

Account Executive

I am seeing lots of startups are firing these days even previous year it was happening.

Would like to know the mindset of employees who got saved. Like to know what goes inside your head. How do you deal with this situation as it can happen with who got saved somehow, etc etc

What is the morale of employees in company where layoff happens

Android Engineer

I am sure this post will get a lot of backlash but still I want to express my thoughts. I usually don’t post anything but this just cross my mind.

It’s been months now and we are hearing layoffs news from big tech giants Twitter, Google, Amazon, Meta, Microsoft. LinkedIn is flooded with posts from the people who got laid off. These posts garnering thousands of comments from people ready to help.

My question to the tech community, What are we doing for our people who are not from so called big tech companies.? How are we helping them? I am sure there are people who got laid off from other companies need greater support in getting a job.

All the companies right now are focussing on getting people from the former group. I don’t have any problem with that but it’s the fact that they were already on the top 5-10% of the tech pyramid. They were getting paid better than anyone in the market for years. They got the best facilites and sure have a good financial backup and savings. Even the severance packages they get from their companies is way higher than the market standards. Moreover, they are talented minds and already have an edge over their competitors.

My request to tech community is to stop being biased and help people from the latter group to get some living(Job). They are in more need of our help and support.

PS: This is just my personal opinion and there is no negative context to it.

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