Hope you are safe. Could you pls provide more context like consultants are also getting fired specially in Energy domain?

Consultant

Recently, the majority of people at managerial positions were let go. Even the top performers at different levels were asked to leave, just before the appraisals are about to happen.

S&P Global layoffs

Software Developer

S&P Global layoffs- Grapevine

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

Analyst

Welcome to Office Gossip's Private Community

Which company do you work in and what is the situation of secret layoff (suddenly team members slack/teams account getting deactivated) or PIP at your company?

Layoff!

Strategy & Operations

Quite a large number of people were asked to resign gradually over the 3 weeks.

The impacted personnel include SEs,Some PMs, and EMs too.

Looks like a massive downsizing. Around 30 percent of the folks seem affected, but I'm not sure on that number.

No severance. A month of notice.

Layoffs at Practo

Software Engineer

Leadership is clueless and one of the most toxic workplaces where people are bullied and no boundaries are considered 
.Just a week before the appraisal cycle, the let go of 100+ folks both billed onsite and offsite without even informing anyone in the team which impacted the work and morale of existing people. When asked about this to the management, all they cared about was the reviews on the ambition box and Glassdoor being low. They asked employees to give good reviews and when it was not working they used the marketing team to give good reviews, you can check the reviews yourself to verify this. The next big thing is , keeping org wide evaluations from manager level also and calling it some development program and mandating the employees to take it along with delivery work. So we can expect more rounds to happen going forward. What is more sad is the blackmailing and forcing employees to take down reviews and  employees who are planning to goo

TheMathCompany - Layoff more than 30% workforce in 6 months

Data Scientist

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.

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Layoffs - A complete mess made by the companies

Welcome to News Discussion's Private Community

From the last few days there were talks going on about layoffs in Morgan Stanley. Some 7% of the global staff will be handed over the pink slip in this week. 
Well... It started happening from today ... Few colleagues from my department were laid, and the reason being "company is trying to survive in the market, company is planning the road ahead by taking such bold steps".
When this was announced, my anxiety shot up the next level and I couldn't wait for the meeting to finish.
The past few years have not been great for the business worldwide due to which many companies are forced to take such steps. These companies just have been doing a hiring spree from the last 1-2 years that now they are regretting their decisions and letting off their employees.
My question is - "If a company hires excessively during the bull market and is forced to lay off few of the employees during the downturn, has the company made an error by not evaluating the headcount or it was just simply the need of the hour" 
 
Please note - I know many people out there who have faced job cuts due to many factors, sincerely requesting people to take this matter very seriously

Welcome to Indian Startups's Private Community

Almost 50% of the org got no increments
People with "exceeds" rating got single digit increments
Only promotion cases have got early to mid double digit increments
Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year

The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.

Razorpay increments - sad state

Founder

INDmoney

Product Manager

Just a random thought.. please shed some light!!

why don't companies do pay cuts instead of lay offs?

It was a pretty tense situation at the office. 

Nearly all engineering managers were laid off, most of the SDE-2s who were not the core engineering team and a lot of SDE-1s who had just joined this year. Even the interns were let go today.

Pretty scary scenario today. Just putting out an update. Apparently it was done to please the investors for the next series of funding. Can't say for sure though.

CityMall conducted layoffs today.

DevOps Engineer

Welcome to Software Engineers's Private Community

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

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?

Layoffs at Leadsquared?

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

I don’t know if you folks even consider Morgan Stanley in your list, but they laid off almost all contract employees and in team of 40 odd folks, they laid off 18 of them.

Morgan Stanley layoffs

Technical Lead

Amazon Global Communications Operations Undergo Layoffs 

The spokesperson said- “We regularly review the structure of our teams and make adjustments based on the needs of the business and, following a recent review, we’ve made the difficult decision to eliminate a small number of roles on our communications team.”

https://deadline.com/2023/10/amazon-communications-layoffs-1235565092/

Amazon Layoffs Continue

Public Relations

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

Layoffs coming up at Paytm

Last December there were planned layoffs at Cisco which was known to everyone in advance along with the dates and the percentage of people to be laid off. This seemed fair at the time.

Now they have laid off people on a random Monday with no prior information or any talks in the company about the same, managers just told that people who are affected have been informed and not to spread rumours, etc (all managers lingo).

Most people were in a higher position in Tech and PMs(as per what I have heard), but surprisingly the managers were not involved and no one knows the criteria of layoff(upper execs did the layoffs). The performance issue was not the cause(confirmed by the manager) then what is the criteria?

Does anyone here have any idea what these people see when they do the layoffs? Assuming the project is still on, and the person did not have any performance issues? I am curious.

FYI - I wasn't affected (luckily).

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