Folks, Have you heard of senior layoffs since Apr’24 in TCS, Infy, Cogni or Capgemini?

Senior redundancies

Senior redundancies- Grapevine

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Some companies I heard of,
Airmeet
Inmobi
Simplilearn
Spotdraft

Which companies are laying off people now?

Consultant

List of companies doing silent layoffs using PIP and Cultural fit issues.

Myntra
Flipkart
Meesho
Cars24
Smallcase

List of companies doing silent layoffs

Software Engineer

https://www.desiqna.in/11475/cognizant-fires-18000-employees-gives-crore-joining-salary

Cognizant fires 18000 employees but gives 6 crore joining bonus and 57 crore salary to new CEO in new year - Desi QnA

Layoffs

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Cognizant to layoff 3500 Employees

Founder

Also, please reach out to this guy if your org is hiring for Java/Spring Boot Developer

Silent Layoffs at Infosys ??

Software Developer

Have Ibm and Intel started layoffs in India??

Intel/IBM layoff

Product Owner

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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

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Microsoft layoffs 
Guys, know anything about Microsoft layoffs in India ? Friends there said they apparently layoff ppl in news, engineering roles

Microsoft India layoffs

Current recession giving ‘08 vibes to consulting companies in India:

- Accenture Strategy considering layoffs
- Deloitte (Consulting) considering layoffs 
- Mckinsey - already have done non-consulting layoffs
- MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’)

Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench.

Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s).

Brace for impact!

(all unconfirmed, heard through ‘grapevine’)

Consulting layoffs

Heard from people I know at Bain that they are laying off.
This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding) 

A friend got impacted. Seems like this could be 10-15% of their consultants. Unprecedented.

Senior redundancies

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