Ola Electric Silent Layoffs

I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid. To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later, they did open layoffs, did it again in 2 months, and one of my friends there heard the founders cracking a laugh that even the investors wouldn't have expected us to do this so fast. I joined another company, they lost the client I was hired for, and few more clients, I was told they will have to do layoffs and my name is in the list. So they asked me to resign and I refused by saying we'll consider a last working day, if I get an offer I'll resign otherwise anyway I'll have to be laid off and they agreed. This happened one month after I had joined this company ( also a startup ). So, being laid off once was already a big enough punch of reality, with an education loan on my head. I joined another company and got laid off again. Tough shit. I ended up getting an offer before my lwd. I am not from any IIT, I am not an exceptional engineer. I am very bad interviews, my resume usually doesn't get shortlisted. Sheer volume of effort I put made the impact on me getting a job. Right now I am the best job of my career, with a better management. Trying to say, it's a tough time. But you'll get through it.

Today, I received a warning email from the HR stating my performance is slow and they are going to decide on my employment. I have joined this company very recently, as SDE 2. They are expecting me to complete a 30 day task within 10 days. I got excited and took it. I have been working my ass off, beyond the clock to achieve it. Most of it was new to me, since i don't have professional experience on this particular stack. It took me 6 days to achieve stability and structure of the application. Literally I haven't been sleeping a bit. Now after 10 days they just shared this email. I really wanted to let this out.

Hello viner, A co worker of mine has been put on PIP by the company HR based on her managers feedback. Even though she got an average rating ,she did not get along well with the Manager and he got the HR to put her into PIP. HR here mostly follow what department leads tell them. But there are some discrepancies : 1) HR has not formally sent her a email informing of the PIP procedure. This is all verbal 2) Her manager also hasn't given her any concrete milestones. He just said that she will be judged based on the feedback from fellow co workers. 3) Of late, the HR has been forcing her to resign even though the final date of pip period has not been reached. Is this the normal PIP procedure followed in your companies too? Or is there something suspicious here?

Despite meeting all targets, I've been put under PIP. The HR is saying that I have one month to improve my performance or I'll be asked to leave, and that too without severance. I just want to know if there are similar policies at your company? Means are you not eligible for severance if you are being asked to leave under PIP?

The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs. Later, the company did as low an appraisal as 2%. Senior folks are leaving specifically Frontend Developers. Salaries of a lot of SDE-2 are below 30 LPA. They have started new positions called Product Developers which will do the same work as SDEs but with a lesser package. PD-1 salary is around 10-12 lakhs and of Lead PD is 20-22 lakhs. The company is putting itself in a position where it wants people to leave on their own. There are almost zero perks in the company. The team outing budget is a joke which is 2k INR per person per year. That is 500 rupees per person per quarter. Also making office mandatory from November.

So Flipkart will be doing performance based layoffs. I have been placed on PIP. How should I proceed considering I don't have any other offers and not much experience either. 1. Resign immediately. 2. Do the PIP completely and then see if I pass or not? I am not in a good financial position currently.

Heard that Paytm is planning to layoff 10% of entire work force. Across all levels. Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation. And the layoffs will be hidden under the guise of mid year appraisals. #PaytmKaro

Anyone know if others are also facing the same?

Is there any one from Paytm , who can confirm if there’s a silent layoff happening there. I have an offer as SSE , but have heard from multiple people that work culture is detoriating very fast and almost 20% are undergoing PIP.

Is job market recovering ? I m seeing so many job postings with 10+ lpa for freshers Still many complain abt bad market showcasing recent google layoffs I'm planning to switch , I'm not sure this is good idea or not!