Founder

bro, airlines are the first to go out of business

Software Engineer

This is definitely huge!  
  
 But you should check how airline staffs are paid.  
  
 Their base is very low and they get additional income based on the number of flights they attend. So if it's 8 months bonus on base, it's not as high as you are thinking.

Product Manager

These things happened in last two days:   Emirates have all staff 7 months bonus after record profit   Singapore airlines gave employees 8 months bonus after record profit

Welcome to Office Gossip's Private Community

These things happened in last two days: 

Emirates have all staff 7 months bonus after record profit 

Singapore airlines gave employees 8 months bonus after record profit

Someone should learn from Airlines companies

Software Developer

Someone should learn from Airlines companies- Grapevine

I know Nokia credits salary around 20th of the month. 
Do you all know other companies that do this?

Companies that credit salary early

Technical Writer

~RANT~ Recently, everyone might have heard name of ExxonMobil floating around for making Insane profits of ~$56 Billion in 2022, which almost parallel profits realized by Apple. One must imagine employees floating in Bonuses or gifts or whatever, for helping the company achieve this. And what we get is a food card loaded with INR 2500 that can be used on Zomato/Swiggy. The sheer audacity to give all employees this voucher with a mail stating (idr exact words, but it was similar) "A token of appreciation for all the dedication, hardwork and perseverance of our employees". Houston Office receives good bonuses, and India office has no system of bonus for employees. Salary increase that barely beats inflation and that too different for all employees based on a shitty employee evaluation system. All this after they mention Employees are thier biggest foremost and most important resources. Also, they claim they operate with Highest ethical standards. LOL. This is how you treat your best resources? By giving this 2.5k coupon, it would have been better if they had not given us anything than reducing the value we create for the company to these stupid cards. ~RANT over~

Audacity of ExxonMobil to give vouchers after making record profits

Welcome to Indian Startups's Private Community

I understand that companies want to start new year with new energy. But doing it in the last working week of this year is just nuts. 

Let folks enjoy the year. Do it in Jan first/ second week. 

By doing now, you’re literally spoiling this year and the next. 

To founders out there: grow some spine, tell your investors you won’t do it now. I don’t think it’ll hurt your company much (I mean you’ve not done enough, and that’s the reason you’re in this mess, probably suck it up and wait for few more weeks) 

To the folks out there, who got impacted, my heart goes out to you all. Good luck. Market is tough, but I know you guys will make it.

[rant]- What’s up with startups? Sudden layoffs in literally last working week of this year

They  opt for dec, because its quarter ending. The books will appear cleaner from Jan and that  quarter will look better when it ends.

It has nothing to do with new energy from new year.  Its like they clean the old shit to prepare for new shit.

Consultant

I'm unable to understand what sort of entitlement does the leadership hold to ask their employees to work their ass off without any compensation for their efforts.

Like literally bro just said that it's a 7 day work week for the next quarter and fuck your personal life and doesn't even bother to highlight that there would be any gratification for the same.

The mid-senior leadership just acts as pawns and complies with this and in case you highlight this shit show you're fired.

Fuckall Leadership

Make a fake profile on LinkedIn, post this mail there, tag a bunch of people and make this asshole famous. 
  
 Fuck this shit, seriously!

Growth Manager

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

Analyst

My current job is consuming me completely. I don't get to upskill myself. Therefore, I am stuck in this vicious cycle where I want to leave my organization to work in a better environment along with skilled colleagues. However, to do this, I will have to upskill myself.

Would love to hear your experience if you have been in a similar situation. How did things turn out for you eventually?

People who have left a job without another lined up, how have things worked out for you?

Whats the severence package given to employees laid off in Jan 23 from Amazon, the news reports says 5 months pay, is it that strainght forward

Severence Pakage Amazon

Human Resources

Welcome to IT Company Discussion's Private Community

India Inc is enhancing work-life balance with extended breaks during Diwali, flexible work options, and more floating leaves. Companies like Deloitte, Meesho, and Myntra give employees additional days off to rejuvenate and spend quality time with family, fostering employee wellness and satisfaction.

This holiday season, companies turn over a new 'leave', give more Diwali offs

Companies give more Diwali offs

Actuarial Associate

I'm negotiating an offer where it looks like HR wouldn't accommodate for the upcoming appraisal next month until there's documentation of it. Q is: if one's serving their notice period, do companies considere them for an appraisal?

Would company offer appraisal if I'm serving my notice period?

What's the weirdest, funny, worst or best things you've heard a company did for shake of cost cutting

Cost cutting

Growth And Strategy

Strategy & Operations

I am a L4 manager in amazon. My entire team has been asked to go, now i am concerned about my carrer. It ia so sad that our Indian government doesn't support us. My future is now uncertain. I wish we had someone to stand up for us.

Amazon tyrany continues

First of all government can't do shit. I know you are a European law loving crazyhead since layoffs in Europe are avoided to due to pro-employee laws. But I want you to remember that the current layoff environment where companies struggled to layoff in Europe hasn't gone unnoticed by companies. If companies feel that pro-employee laws are too strict, they will simply close their European offices and open shops in Eastern/African/Middle Eastern/South American nations. Just because there is a law does not mean that companies will keep on following it. And as it is European offices are some of the most low ROI centres of development due to so many holidays/relaxed work culture/zero impact projects. Europe is fucked unless Europe resorts to war against Africa/East/Middle East/South America.

Retention Manager

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Do you think instead of laying off employees , its better to cut some % of employees salary which can be given after certain duration?

Layoff’s

We just received a message on our company  (Graphy by Unacademy) from our business head that, we should not come to him asking for 6-7 leave for Diwali. These are the employees who want to go back to there home town for the featival. Additionally he said that it is an optional holiday and we can ask for 2-3 days work from home max not more that that, and we should understand our business’s needs and remain focused on it. 
What should I do now I have to prioritise my family and going to my home town, like this I will have pressure from both ends, please pass on any advice.

Can’t celebrate Diwali now!

Business Development

It's like going back to COVID days. We got email that due to current situation there will not be any increment this year. What about your company? How is the situation?

No increment this year in company

Project Manager

Why was $553 million not used for paying salary?

Airport/flight experiences is decreasing day by day, meanwhile the flight prices are increasing like crazy.

Flight costs are like anything

Post also tells MFAANG investors want the salaries to be reduced. One of the reasons why HRs are low balling us so much IMO

TeamBlind on Twitter

Great thread on what led to mass layoffs in MFAANG

Welcome to Product Managers's Private Community

Guys is this real? If the battery charge decreases the price increases. I was trying to book flights( I was in a hurry) , and at the moment the charge was below 20, prices were jumping. But the moment I plugged it in the power Bank the price decreased. 
(👀 Anyone from goib3bo can answer)

Low battery - Surge pricing

Just got to know internally that Unacademy is planning another round of silent layoffs in October.

No severance will be paid. Or any benefits.

Someone should learn from Airlines companies

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