Uber layoffs incoming on 26th July

For a marketing role where i had an assisnmrnt with a lot of deliverables to complete in 2 days. On asking for feedback the recruiter told me “the person who screened assignments didn’t like your work much”. I feel absolutely garbage and am looking to feel better. Can someone tell me I just escaped a bad company or something.

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

I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid. To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later, they did open layoffs, did it again in 2 months, and one of my friends there heard the founders cracking a laugh that even the investors wouldn't have expected us to do this so fast. I joined another company, they lost the client I was hired for, and few more clients, I was told they will have to do layoffs and my name is in the list. So they asked me to resign and I refused by saying we'll consider a last working day, if I get an offer I'll resign otherwise anyway I'll have to be laid off and they agreed. This happened one month after I had joined this company ( also a startup ). So, being laid off once was already a big enough punch of reality, with an education loan on my head. I joined another company and got laid off again. Tough shit. I ended up getting an offer before my lwd. I am not from any IIT, I am not an exceptional engineer. I am very bad interviews, my resume usually doesn't get shortlisted. Sheer volume of effort I put made the impact on me getting a job. Right now I am the best job of my career, with a better management. Trying to say, it's a tough time. But you'll get through it.

A good friend of mine who was hired in Ola Electric (on campus 2022) as SDE has been put up on the performance improvement plan / PIP. Interesting part is that half of her team was laid off and remaining ones have been put up on PIP. Those on PIP are being asked to also pay for 3 months salary along with the joining bonus. I don't think giving back 3 months salary and joining bonus is something she should accept? Like they're anyways ruining their career by putting them on PIP in first 10 months of their start of career?

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?

I got to know from a outside ( friend of company director ) they are planning for another round layoff Does anyone have any idea on this ?

Paytm folks here - Is this true?