We need WARN like service in India

Microsoft layoffs around 1,000 employees, affecting departments including the mixed reality team working on HoloLens 2. Google did 100 in GCP, more will come soon. #layoffs

Amazon Microsoft, Google, etc. All layying off people. They just started sending emails today morning for US/Canada. India/EU would be sent next week so we dont know the exact numbers yet. Same information going on Blind, hundreds of Amazon employees laid off in the morning.

Amazon Global Communications Operations Undergo Layoffs The spokesperson said- “We regularly review the structure of our teams and make adjustments based on the needs of the business and, following a recent review, we’ve made the difficult decision to eliminate a small number of roles on our communications team.” https://deadline.com/2023/10/amazon-communications-layoffs-1235565092/

If we look at layoff trends in India, then late stage IPO headed startups are doing it to boost profitability, or mid to early stage ones where they're trying to fit into a viable biz model. some mid sized MNCs also did layoffs where they have seen hit to their books.. all in all, crux was similar - to boost efficiency and eliminate redundancy. Then comes the companies with their support teams in india or US/EU banks and their ops outsourced in India.. i mean if you got friends in these firms you would understand how chillax they're about this. Take the example of AmEx...there's so much slack in the company, got few friends there and all of them don't work more 4 hours a day and that too most of the work some excel and next to shit level of python/sql while their salary in almost 90-95% of avg market (similar to what top paying startups).. Along with that teams are operating at 150% of strength so wlb is heaven there. story is similar with folks in similar US based support ops in india (citi, jp morgan, mastercard, some service based orgs etc) but look the irony of overall market.. you should be efficient and scared about your job as long you're into startups and Indian firms but once you make it captive or offshore centres of these US based firms.. you're life is chill, relax, no bad wlb, practically no layoffs. so you won't find these folks scrambling across GV or fishbowl or like that and getting stressed about seeing how other folks feel when one of the closer startups decided to restructure (i am frustrated because i once let go a offer of top US fintech company to go for a startup and now all i have is regrets given how the events across startup ecosystem are folding like layoffs across Fk, swiggy etc.. and not only layoffs but in general WLB and culture has taken a huge huge hit ::///// ) well it is what it is i guess then :,)

Layoffs: Global - Stripe 14% - Opendoor 18% - Twitter 50% - Delivery hero - Chime 12% India - Udaan (tranches) - Chargebee 10% - Byjus 5% Hiring freeze: - Apple - Amazon

266 tech companies w/ layoffs ∙ 74,992 employees laid off in 2024. https://layoffs.fyi/

Job market is brutal in all industries