Now a days, CEOs do layoff even if they fart.  
  
 They may justify layoff for any shitty reason

Engineering Manager

Software Engineer

Smartphone sales have lowered and Apple ban from China which is biggest customer of Qualcomm forcing ceo to do all this.  Your take?

Smartphone sales have lowered and Apple ban from China which is biggest customer of Qualcomm forcing ceo to do all this.

Your take?

Qualcomm layoffs - Ceo declaration.

Senior Consultant

Qualcomm layoffs - Ceo declaration.- Grapevine

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.

Google layoff details

Welcome to News Discussion's Private Community

https://www.bloomberg.com/news/articles/2024-03-18/apple-in-talks-to-license-google-gemini-for-iphone-ios-18-generative-ai-tools?srnd=homepage-asia

Apple & Google tying up to use Gemini for AI in iOS. Big win for Google if this happens.!

Analyst

As an avid follower of the tech industry, I can't help but marvel at Apple's unprecedented achievement in 2023. For the first time ever, Apple has managed to outsell every other smartphone manufacturer, including the long-reigning Samsung. This is no small feat, especially considering the renewed competition from Huawei and the overall soft spending sentiment in the market. Apple's climb to the top spot is nothing short of a tremendous success.

But let's not forget the other players in the game. The 'other' category, which includes brands like Transsion and Xiaomi, grew by 19% year-over-year, stealing market share from almost all top vendors except Apple. This indicates a significant shift in consumer preferences towards premium devices, a trend that Apple has capitalized on with aggressive trade-in offers and interest-free financing plans.

However, this victory is not without its controversies. While Apple enjoys its moment in the sun, it's worth noting that the overall smartphone market declined by 3.2% in 2023, hitting a decade low. This raises questions about the sustainability of Apple's growth in a shrinking market. Moreover, the intense competition within the Android space, with brands like OnePlus, Honor, and Google launching competitive devices, adds another layer of complexity to Apple's success story.

So, is Apple's triumph a sign of its unparalleled innovation and market strategy, or is it merely a temporary win in a volatile market? Only time will tell, but one thing is clear: the battle for smartphone supremacy is far from over.

Did Apple Really Overtake Samsung as the Top Smartphone Seller in 2023?

Software Architect

Welcome to Indian Startups's Private Community

Google backed startup adda247 laid off 300employees
Chal kya Raha hei Citi group - 2000
Qualcomm - 1200+

Are ye dukh kaye khatam nahi hotaa 🥲
Kya Ane wali hei 2024 mein?

Adda247 layoff

UX/UI Designer

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

https://www.sfchronicle.com/tech/article/apple-tech-layoffs-19386392.php

614 Layoffs @Apple

Simple epic numbers. 800-900Mn unique paying users for a majorly hardware company. Brilliant.

Operations Manager

Welcome to Software Engineers's Private Community

I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead

Silent layoffs happenings across organizations

Thank you for sharing this. 
  
 Was not knowing about silent layoffs happening. 
  
 But one interesting thing I have observed is that many organizations are now deliberately making the work environment more pressurised and/or toxic to reduce the headcount so that they don't need to layoff people.

Software Test - QA

Amazon Microsoft, Google, etc. All layying off people.

They just started sending emails today morning for US/Canada. 

India/EU would be sent next week so we dont know the exact numbers yet.

Same information going on Blind, hundreds of Amazon employees laid off in the morning.

More Layoffs have started

Project Manager

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that they will be able to build more and hence get more value / valuation sooner was the core reason why the skill to salary ratio got f’ed up. And it’s good that it’s being reset now. 
  
 Coming to who to blame for layoffs - no one. It’s pure capitalism - there was money, hence there were jobs. For whatever time people got paid a lot more than they deserved - they should be rather thankful. If they built their life around the assumption that this much money was the new normal, it was their naïveté. Companies got to survive, and they have to do whatever has to be done… as long as it’s ethical. Firing is fine. Not paying salaries / dues is not.

Founding Engineer

Software Lead

INDmoney

Product Manager

Apple planning to cut off employees of corporate retail team.

Apple joins layoff club

Project Coordinator

Welcome to Office Gossip's Private Community

Got to know through my network that Brainly india has asked the entire team from their MD to all junior folks to go. Reason - sudden change in strategy.. they didn’t let the product even launch.. the team was in full swing prepping.. impacted folks 30+ or around that number.. within 6 months of hiring everyone.. while in the interviews they promised 5 years runway.. long term strategy for india.. ceo didn’t even apologise.. they come hire Indians and let go at the drop of a hat.. the employment contract said that either party have to give 3 months notice to resign.. so that’s what they did they are giving 3 months pay not in one go but month on month and after that nothing. No severance pay, no bonus paid to eligible employees, no help in finding jobs , no mental health support, medical finishes in 3 months.. in this time when hiring is on global freeze they have treated Indians like puppets come hire and fire when you want, they have money in bank account a runway for 18-24 months.. still they couldn’t hold on to india team.. heartless way of dealing with junior folks how will we find jobs

Brainly India - entire team laid off

Have heard that the company is firing people left right and centre. Sales people are living quarter to quarter. BDRs are being asked to go. Growth team has dissolved. Customer success folks are being fired. COO has resigned. Jio has tightened its funding purse. Toxic culture all around!

Utterly clueless company !!

Layoffs at Jio Haptik!!

This is absolutely harsh from Google

The App Store  and Play Store are a duopoly and we have allowed them way too much power. Atleast Android has options but Apple is a complete walled garden and they won the lawsuit against Epic like wtf

Founder

Hearing Apple may layoff employees soon. With this all FAANG companies would have done layoffs

Layoffs at Apple soon

Product Marketing Manager

Law of karma , vss learnt this really fast.

Thanks to Shakti of RBI.

No More Layoffs at Paytm

HR is having 15-20 meets everyday, anyone can confirm with their calendar. 

Multiple HRs multiple laid off people. Zero severance. They are pressuring people to resign and saying you have to resign today itself! 

Market is going to get flooded with Paytm folks. 

Worst regret is that management and CEO made bad decisions and flunked compliance / risk. But after crackdown by RBI they are making employees suffer. 

It is heard that this will continue to go on till months. 

There should be a course on how to behave and work like a CEO.

Paytm is laying off people since May 27 (forced resignation)

Why hasn't Cred laid off despite their massive losses? Looks like VC pressure doesn't apply to certain people.

No layoffs at Cred?

People who argued over authenticity over other thread. Here is the confirmed report on layoff!

Qualcomm layoffs - Ceo declaration.

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