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.
