Customer Success

Senior Consultant

Layoffs layoffs here there start ups companies tech giants. What are they trying to downsize? Product hunt says need to narrow down on speed and focus. What focus and speed  that they couldn’t do b...

Layoffs layoffs here there start ups companies tech giants. What are they trying to downsize? Product hunt says need to narrow down on speed and focus. What focus and speed  that they couldn’t do being a bigger organisation.  Companies hire left and right and speed and focus wasn’t there or what ?  CEO’s still take bigger checks even after downsizing that doesn’t change 

Thoughts anyone? I’m curious to learn about the thought process

Thoughts

Thoughts- Grapevine

What was the first sign that your company might be doing layoffs? 
Was it a random meeting addressed by CEO or some other shit?

What was the first sign of layoff?

Software Engineer

Welcome to News Discussion's Private Community

I have been through ups and downs in IT, but these layoffs seem crazy. There is just no pattern to it, more like everyone is firing let me fire.

Honestly I feel its high time Tech companies, Startups take a hard look at their business and revenue model. Most just seem to be in a herd mentality.  Every one is mass hiring, let me also mass hire. Every one is giving exorbitant salaries, let me also give.

Its become more a cycle now, hire in large numbers, find there is no work to give, no revenue to sustain, and so mass fire again. This just cant be going on. 

Who makes mistakes that results in revenue loss or crunch? 

Top management 

Who gets fired ? 

Every one except the ones who are responsible.

Dont fucking give me the reasoning that you are doing this for efficiency and streamlining.

No you are just doing it to protect your own arse, while making scapegoats of others.

So the Musks, Pichais, Zuckerbergs happily take fat bonuses, while drafting teary regret letters for firing. And they are supposed to be our role models to look up to? 

Enough is enough IT industry can't forever be running in this same mode. These hire and fire cycles are getting weary nowadays.

Rant on the layoffs

#4 Most profitable company laying off?

Founder

Fynd downsizing

RPA Developer

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

Welcome to Indian Startups's Private Community

ShareChat: ASK ME ANYTHING

Guys, i am in final year B.Tech, currently preparing for placements. 

My Parents advice is to prepare for Govt Jobs. They are fearing about the layoffs, but my aim is to get job in anyone of the MAANG.

I just want to know why layoffs happening. Is it because of the over hiring or because of the poor performance of the employees.

Please share your experience in your company too.

PS: Please upvote to get more reach.

Why still layoffs in MAANG?

Product Hunt hired a new CEO last month (in September). This guy deduced in 1 month that they need to fire people? That too with such a generic BS reason. 

Doesn't it take atleast a quarter to understand how the business and all the systems work at a new place? You haven't even seen through your first quarterly results and review.

Seems to me that the Board installed a new CEO that they could control because they wanted to layoff. 

Can other people share what they know or think could've happened?

New CEO lays off in first month

Software Developer

Employees who are top performers are laid off. 
Employees who are in a firm for a long time are laid off. 
Employees who are freshers are laid off. 
Employees from IIMs/IITs are laid off. 
Employees who work just to get the job done are laid off. 
Seniors are laid off. 
Juniors are laid off
Hard working employees who get good ratings and give extra hours are laid off. 
Bad peforming ones are obviously laid off. 

Is there anyone who is safe. It's just at the mercy of few decision makers at the top and no matter what you do you will never be safe. 

Now I understand why parents say that government job is better.

Is there a pattern in layoffs

Business Analyst

Welcome to Software Engineers's Private Community

Work culture has become ultra toxic. Managers have started nano managing and literally are a pain in the ass. Product giving unrealistic timelines and leadership agreeing on the same without even consulting the developers and even if the developers are raising concerns, no fucks are given infact they are made to realise that this is how a startup should work. Literally everyone is working their asses off and still unable to meet the deadlines. Empathy is completely lost and WLB is a sham. People including me want to switch but are not even getting time to prepare.

Rant on Swiggy wlb

This is all trickling down from the Leadership, they are trying to cut down costs by any means. Already had one round of layoffs, now they are doing silent layoffs in the form of PIPs. 
  
 Also, Leaders have lost the long term focus and are trying to find out more and more short term projects related to profitability.  
  
 There was always this pressure of work, but in the past 7-8 months this has become unbearable with no empathy in the organisation.

Analytics Manager

Given the current funding winter and companies are now chasing profitability metrics, how is CRED’s future looking given they are more focused on experience and experience and there doesn’t seem to be a big monetisation play and more gimmick.

Need some insights to make a decision for job offer

How is CRED doing ?

Corporate Strategist

As everyone knows that zomato is now hiring 800 employees after two months of a mass layoff, and exit of senior profiles like VP and CTO.

Let me tell you the truth about the founder. He is an opportunist. He doesn't give a shit about the culture or any employee. The company is built on the death of many riders and cheating with low-wage workers.

Timing- Isn't it a bit weird that a company that did a mass layoff two months back is now hiring? Seeing that many employees got laid off from the top-tier company. It is a great time to employ smart folks as the hiring competition in the market is at its lowest. Or the mass layoff that happened previously was planned with the thought of hiring again next year with very little competition and desperate candidates. 

Layoff: In zomato, it's hire and fire culture. I have seen many of my friends leave even after performing well. Honestly, sometimes I don't even feel human. It's expected from employees to start their day early and go late at night. If you want to leave early (around 6 or 7), you should have a solid reason for doing that. Here code release happens late at night due to less traffic. So it's expected of you to be available all the time.

Incompetent Managers- I have worked with two managers here. Both know the existing system as they were once an IC building that system. The issue with these people is that they grew up the ladder because they were the only ones left behind in the team. They lack real-world system knowledge. I have previously worked at amazon, and I know the team lead level there. But here it's like jo ruk gaya vo raja hai. It's hard to work with these people as they lack proper estimations of the projects and at the end of the day. The ICs have to face the wrath of the product teams.

People who are planning to join the company. Please do join, as working 24/7 you would learn a lot in a very short period of time. Also, the culture is team dependent, so you might get a team with chill environment.

Reality check at Zomato

In 2020, Google made sweeping commitments to advance diversity, equity and inclusion in the wake of nationwide protests over racial injustice, which are now being cut.

Google Slashes Diversity Programs After Big Promises

This had to happen 😆

Business Development Manager

I don't know why everyone is making a big deal out of layoffs. Even the ones who laid off are not that concerned than the ones who comment.

Laid off employees literally get free money upwards of 10 lakhs in many cases of senior developers who are laid off from top tech startups. Companies pay severance equal to 3-6 months salary of laid off employees. Some even offer other benefits as well.

I personally know a couple of Devs who got around ~9-10L in severance pay. So, yeah if there are layoffs happening in funded tech startups or leading tech companies, considering their pay range, laid off employees get handsome severance pay including employee benefits

Layoffs a big deal? Positive side of layoffs

Hope you get laid-off & get a good severance package! Will see how your job search goes.

Engineering Manager

Product Designer

I don’t understand what the point really was 

- companies with a bad product are still struggling 
- companies with a good product are still growing
- rent in Bangalore, Mumbai is still sky high 
- salaries are still high, people are still asking for more 
- food is expensive as ever 
- stock prices of companies that fired people never really went up 

Someone make any sense or any of this?

Layoffs were a total failure at changing anything

Analyst

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

Growth Manager

Someone in ur team or someone u had good relationship (work wise) with gets laid off? Do u discontinue working as hard? Does ur team velocity decrease or increase as everyone does better for survival?
Just wanna hear from folks who have gone through this and does employer not see any affect in work? (E.g. Twitter case)

With all the layoffs news, how do u cope when…

Got a call from one acquaintance looking for opportunities outside Flipkart  informing me that downsizing discussions are going on amid hiring freeze which is ongoing since last 1 year.

Does anyone have more info on this?

Flipkart downsizing?

Supply Chain Manager

What an insane journey this man has had!
feel sad though that FW will now be a fully american company with all senior leaders in america

Mathrubootham will now be spending more time on the long-term product vision, innovation and AI strategy.

Thoughts

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