Software Engineer

Software Developer

Yesterday Raft.ai laid off 12 employees. The reason they gave to employees is Cost Cutting and on All hands meeting they've said that they overhired.

Raft.ai (Formerly Vector.ai) Layoffs

Raft.ai (Formerly Vector.ai) Layoffs- Grapevine

Welcome to Software Engineers's Private Community

Recently we saw Paytm making layoffs due to AI.
Are there any other companies that did the same?
People whose companies laid off people due to AI. What kind of automations made it possible?
Is AI actually doing the work or is it just an excuse to lay off people?

Layoffs due to AI

Welcome to Data Scientists's Private Community

this government wants to control everything: why are they so insecure ?

Need Govt approval to build AI based tech?

Senior Software Engineer

HR-Tech platform recently laid off 10% of their workforce and also announced pay cuts for the employees.

Funny how they boast about not having to layoff employees in media.

HackerEarth Layoffs

Analyst

Rupeek has laid off some employees today. Not sure about %

Rupeek layoffs again

Welcome to Indian Startups's Private Community

Can someone share what's going on inside unacademy. What new products are they launching. How good is the traction and runway

Unacademy

Business Development Manager

Massive layoffs at airmeet 🥲

Product Manager

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.

Razorpay is too smart!

Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.

Welcome to Office Gossip's Private Community

Round 2 of layoffs at Amazon will happen this Jan. This time from retail division. Headcount not yet confirmed. But it’ll be in rabge of 10k to 20k.

Amazon going to fire retail engineering team this Jan

Product Marketing 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

Engineering Manager

Revenue growth is less than projections & has triggered another bunch of layoffs

More layoffs at HackerEarth

Marketing Manager

Painful to see so many startups run out of money/ shut down. Is your company doing good?

Founders are not shitposting on the socials, so that’s good I think 😅

Bengaluru-based edtech startup Scaler has laid off around 150 employees, or around 10% of its workforce. Here is source

Scaler layoffs: As per the company, it currently has a workforce of around 1,500 employees.

Scaler lays off 150 employees to reduce redundancy in roles: Report

Tech Lead

One of my batchmates got laid off . Wasn’t expecting this. I thought they were doing well

Layoffs at pinelabs

Product Designer

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Massive Layoffs at HealthTech Startup

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

Growth Manager

InMobi : Layoffs after silent layoffs last year .

Chartered Accountant

Welcome to News Discussion's Private Community

- BeepKart, a Bengaluru-based used two-wheeler retailer, has laid off over 100 employees in recent months, sources told Entrackr.
- The layoffs, affecting more than 20% of the workforce, occurred in phases starting after the April fundraise, impacting roles across marketing, tech, product, and operations.
- A source indicated that the layoffs, which included senior roles, were unexpected and likely aimed at focusing on profitability.
- Founded in 2020, BeepKart operates in Bengaluru and Chennai, and has raised around $18.5 million to date, with a current valuation of approximately $44 million.
- Despite the layoffs, BeepKart reported Rs 21.86 crore revenue for FY23, though it also posted losses of Rs 27.88 crore for the same period. 

 Source: [Entrackr](https://entrackr.com/2024/08/exclusive-beepkart-lays-off-more-than-100-employees/)

BeepKart Lays Off Over 100 Employees Post-Fundraise

Journalist

Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?

Rapido layoffs

Have you all heard about the mass layoff in Saarthi.ai? I have heard rumours that the company was not able to pay its employees, and many salaries are still on hold. There were also some claims by its CEO involving a stolen passport. Does anyone have clarity on that or any updates? It would be great if you could share your first-hand experience.

Saarthi.ai Layoff

TikTok Layoffs | ByteDance cuts hundreds of jobs globally as platform shifts to AI moderation: Report https://www.livemint.com/companies/news/tiktok-layoffs-bytedance-cuts-hundreds-of-jobs-globally-as-platform-shifts-to-ai-moderation-report-11728720808330.html

Raft.ai (Formerly Vector.ai) Layoffs

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