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Razorpay is too smart!

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.

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Brutallyhonest

Stealth

a year ago

Smart move by Razor pay, that’s why I love them
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FunnyBones

Plivo

a year ago

🤔 what’s smart in this ?
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Brutallyhonest

Stealth

a year ago

Read the post. If you fire you are liable for severance package, if you don’t you won’t pay. It’s economics bro. Look at the bigger play here. It’s smart move.
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FarProduce96

Practo

a year ago

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

Stealth

a year ago

Lmao.
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SadVolcano

Startup

a year ago

For real 😂
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UglyLaptop12

Razorpay

a year ago

This is false, there have been at least 5 people who have joined raaorpay that I know in last 6 months, why would layoffs be accompanied by hiring if done for cost? Also my friend got a double digit hike
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Laidoffdesigner

Unemployed

a year ago

They are making people leave and then simultaneously hiring people for the same position apparently at a lesser package. Cost cutting is very much trend now in hiring.
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Badbunny

Stealth

a year ago

Taki natak karke dikha sake that they are kicking out worst people and still hiring best people . Sab drama h
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Secrets

Swiggy

a year ago

Same for Swiggy. Cost cutting, no increments,hiring interns and temps instead of sdes
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FunnyBones

Plivo

a year ago

👍🏻 Hiring interns and temps looks like a pretty common strategy across companies.
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Brutallyhonest

Stealth

a year ago

Intern idea is from their new CTO and CEO may be?
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Brutallyhonest

Stealth

a year ago

Yes, go find better job. PIP at Razor pay is never done lightly. They keep good records and all anecdotes and 360 feedback. So, please stop guessing.
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Nectar

Student

a year ago

What does PIP stand for?
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FunnyBones

Plivo

a year ago

Performance Improvement Plan
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Nectar

Student

a year ago

Ty
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Theanalyst001

PhonePe

a year ago

But the careers page shows that razorpay is hiring. I myself applied through a referral last week. But no callback yet.
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AnEmployee

Razorpay

a year ago

Firing sdes with good package, hiring with low package.
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Theanalyst001

PhonePe

a year ago

Any clue on the analytics team?
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BearBear

Stealth

a year ago

I have seen 2 good Sr. FE from Razorpay leaving
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dreamrunner

Cashfree Payments

a year ago

Apoorv and Prashant right?
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Badbunny

Stealth

a year ago

Yes
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WarmDiaper1

Paytm

a year ago

Same for CRED
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Sherlock007

TCS

a year ago

Details?
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BrownBuck51

TCS

a year ago

Didn't expect this from Kunal Shah
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SillyEqual74

MNC, Indian

a year ago

Same goes with pay™️
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yeblagaaa

Stealth

a year ago

Any specific teams you know?
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Randomdude

Swiggy

a year ago

बर्बाद गुलिस्ताँ करने को बस एक ही उल्लू काफ़ी था हर शाख़ पे उल्लू बैठा है अंजाम-ए-गुलिस्ताँ क्या होगा
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Expelliarmus

Razorpay

a year ago

Quite surprised at this - I have a close friend, works in Razorpay Engg team, he got a 10%+ increase last cycle & I see him so many times at office parties. As someone else also pointed out, they are hiring... all this doesnt add up
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Badbunny

Stealth

a year ago

Honestly yes even I feel weird. Same happened at Nykaa as well. Don’t understand the logic man
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Brutallyhonest

Stealth

a year ago

Free peg Zada preya hoga
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Itachi777

Stealth

a year ago

This culture is still far better than Yubi's. Yaha to 0% appraisal tha, weekend working is common, most work was being done by interns, and office was mandatory even during COVID days
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Node

Stealth

a year ago

Couldn't these clowns save money by allowing remote?
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Randomdude

Swiggy

a year ago

Remote waale entitled engineers ko to sabse pehle fire karna chahiye.
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Node

Stealth

a year ago

Okay buddy
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Sherlock007

TCS

a year ago

Startups need to survive funding winter.... they are doing what they need to do. Employees should look outside before it's too late and u r kicked on ass brutally
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LichKing

Dummy

a year ago

It's called 'forced attrition'. MNC do it all the time, MNC folks joining start-ups now have run this playbook there. This is a worry some trend, kills innovation. Any SDE's pls feel free to ping me. We are hiring, location Mumbai
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okokokokinfinity

PhonePe

a year ago

What company
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LichKing

Dummy

a year ago

DM on TG @appyix
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Node

Stealth

a year ago

Mandatory move to office is one way to do silent layoffs.
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Randomdude

Swiggy

a year ago

That’s the best way IMO. Folks who favour work-life balance more than company work will quit.
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Seulseul

Swiggy

a year ago

Similar thing happening in Swiggy.... Silently putting people in PIP.... 0% appraisals, waiting for people to leave and hiring interna to manage workload
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Randomdude

Swiggy

a year ago

Mehenge entitled underperforming staff ko PIP karna hi chahiye
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Brutallyhonest

Stealth

a year ago

I heard new CXo clearly did tell management to put 10% workforce on PIP
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ViciousZone

Razorpay

a year ago

I have a friend at Razorpay and he has not mentioned anything around the silent layoffs or lesser package..... On the perks, he keeps talking about free meals through the day and well stocked pantries. They also apparently have valet parking. I also know that they have frequent team outings- much more that what happens at my current company :( :(
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backenddev

Razorpay

a year ago

I think the parties varies from team to team. I have had couple of good outings in last 3 months. But my friend in a different team didn’t get any.
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EcstaticCent

Razorpay

a year ago

Isn't Performance Improvement Plan (PIP) a usual process that happen at every team in every org. Looks like managers are trying to play smart; it's not you, it's the org 🤣
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FunnyBones

Plivo

a year ago

Can u tell us if u see this happening too, what OP described ?
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Watsay49

Stealth

10 months ago

Paytm, Broweserstack, Nykaa, Swiggy sabme hota hai
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