Shadowfax laid of approx. 100 employees in December and January combined. 1015 % of folks were from senior roles. I would call it a smart layoff.

Shadowfax laid of approx. 100 employees in December and January combined. 10-15 % of folks were from senior roles. I would call it a smart layoff.

People laid off - Shadowfax

Growth And Strategy

People laid off - Shadowfax- Grapevine

Is there any recent layoff at Simpl
Seeing many people posting for open to work

layoff at Simpl ?

Corporate Strategist

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.

Software Developer

Software Engineer

I have recently got laid off from one of the Fintech firms. They have been silently letting off people since last year but the no. Of employees let go have been higher in the past 2-3 months. They have downsized by more than 100 people in the last 8-10 months to avoid PR disaster. Not naming the company but just wanted to know if this is right way to do it both from employee and employer perspective.

Fintech firm laying off

Head Of Growth

Welcome to Indian Startups's Private Community

Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days

Also Dm if you can refer for sde jobs, thanks

Simpl Layoffs

Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)

Product Manager

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

Meesho started layoffs !!!!

Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?

Cisco to lay off 8-10k next week?

Investor

I have a job offer from curefit marketing team, any thoughts on company/team culture
TIA.

Culture at curefit

Operations Manager

Welcome to Software Engineers's Private Community

As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Reality check at Zomato

Founder

Layoff @ Licious

They fired almost 50% of the workforce

Aug 2022: 20%
Nov 2022: 22%
Feb 2023: 7%

Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.

Affected in Turing layoff number 3

Analyst

Heard from a friend that their team is seeing possible layoffs of 30-40% of people. Is this credible across smallcase or just their team?

More layoffs at smallcase?

A few people who are in advanced stages of the process and/or have offers from slice have been asking me whether it's a good idea to join.

My answer has always been consistent and I'm posting this so that people have more clarity.

Good folks are leaving in droves which is why they are trying to fill in some roles fast.

The company doesn't have a proper CTO, with engineering being managed by two people, one the head of analytics and data science being the 'people mananger' who is highly under-qualified for the job, and the second a toxic and borderline abusive character who is the 'chief architect'.

On top of that, there are some AHs from Bizops who'll do everything to blame you if things go wrong and steal credit if things are good, making your day worse rest of the time.

The critical Glassdoor reviews are totally true, and present points in an elaborate manner, while the few positive ones are clearly planted with 1-2 lines written for each.
Plus the company is suppressing many reviews with the help of community guidelines.

Your package might have a generous ESOP component, but it is bloated and the company is looking to raise the next round at a highly diminished valuation.

There are more things in life than a few lakhs of extra base pay, for your long term well being.

I'm speaking about it openly since I left the org for a better opportunity recently and I don't want people to suffer more.

Your mental health isn't worth a slightly higher base pay in slice

Slice is a known red flag. Stay away at all costs.

https://www.moneycontrol.com/news/business/announcements/tense-atmosphere-tough-questions-at-freshworks-all-hands-as-founder-girish-mathrubootham-shares-details-of-layoffs-10321001.html/amp

Freshworks 3rd Round of Layoff.. As per founder, worst is yet to come

Business Development 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

https://www.indeed.com/press/releases/a-message-from-our-ceo-chris-hyams

Indeed laid off 15% 2,200 ppl

Does anyone know something about how Dealshare is doing, the folk founders and culture there etc? Am interviewing there and would like to know more

Any thoughts on Dealshare?

Expedia is set to layoff 1500 employees. Everybody is just laying off people giving any bullshit reason

https://officepulse.live/expedia-trims-workforce-in-restructuring-push

https://economictimes.indiatimes.com/tech/technology/expedia-to-cut-about-1500-jobs-globally-amid-moderating-travel-demand/articleshow/108026228.cms

Expedia layoff

Hats off to that grapevine Samaritan who mentioned to hold whatever job you have as things will only get worse this year.

Recruiter

Software Architect

Layoff

Program Manager

dunzo laid off ~20-25% of it's workforce today, calling it that they overhired, pretty pre-planned.
And coincidentally some dept. heads are on leave for the next few days, unavailable to answer their team.
I wonder why these people even take up the leadership roles if they can't step forward to answer.

Dunzo massive layoff

Business Analyst

Heard with some people working there. They have asked many employees to start looking for other jobs. 
If any other person working there can confirm.

People laid off - Shadowfax

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