What are your views on mass layoffs?

What are your views on mass layoffs?- Grapevine

What's your opinion on the recent layoffs and 1 idea that can prevent layoffs in recent conditions.

What should be diff. - Layoffs

Founder

Mitigating layoffs 😂

Consultant

Welcome to News Discussion's Private Community

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that they will be able to build more and hence get more value / valuation sooner was the core reason why the skill to salary ratio got f’ed up. And it’s good that it’s being reset now. 
  
 Coming to who to blame for layoffs - no one. It’s pure capitalism - there was money, hence there were jobs. For whatever time people got paid a lot more than they deserved - they should be rather thankful. If they built their life around the assumption that this much money was the new normal, it was their naïveté. Companies got to survive, and they have to do whatever has to be done… as long as it’s ethical. Firing is fine. Not paying salaries / dues is not.

Founding Engineer

Software Lead

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Layoffs everywhere?

Senior Consultant

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

Product Manager

Welcome to Software Engineers's Private Community

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

"If you have to conduct layoffs, which is always a regrettable thing, there's kind of three things that are very important. One is to communicate well with your employees in order to help them understand why it is you're doing, and how. Second is to make sure that the employees who are part of the go forward, understand kind of what happened and are not like the ground doesn't keep moving. It's like, okay, we did that, we're moving forward, here we go. And then for the employees that you unfortunately have to let go, try to provide as much support for them as possible." ~ Reid Hoffman

Layoffs

Finance Operations

Been hearing layoffs again and there are less hiring what's the actual reason for this and when this become normal

Why layoffs ? What's happening with it sector ?

Software Engineer

https://www.instagram.com/reel/DBL3lmbR8uk/?igsh=dHF6dDgzYW9wcXZ1

Layoffs restructuring 🤡

Software Developer

What are generally the metrics used during layoffs ?

Is it division by division or each employee is vetted for his performance and contributions ?

Do high salaried folks generally targeted even if they have good performance and history with company ?

With the overall bleak atmosphere in startup ecosystem and lack of transparency in this process from employers wanted to know how are decisions made. Most say it is performance based in news, how true is that ?

Layoff Parameters

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?

It's infuriating how everyone's advice to deal with layoffs is side hustles, wasting your life away to constantly upskill and reducing spending. Basically everyone here is saying "live life like shit to appease your corporate overlords" as if layoffs are OUR fault?

Instead, why aren't we seeing any advice on the lines of:

Build expertise in something while you're an employee and later start your own company/business/consultation on the basis of it. This will increase competition within businesses and will force them to treat their employees like humans. This was kind of the reason why things were generally good for employees from 2021-22 because all the startups popping up increased competition for labour.

Or if your employer lays a bunch of people off and starts giving the rest of you their workload, simply refuse! Don't work extra long or extra hard. Get the employees together collectively and make everyone, or at least the majority refuse to entertain these outlandish demands from your employers. What are they gonna do? Fire you all and lose their business? And if that's not going to work, just do everything very poorly and if you're asked about it, just cite that there is a lack of manpower needed to get quality results.

Basically, why have we collectively decided to take the short end of the stick and make our lives miserable when we should instead force employers to face consequences of THEIR OWN poor strategic planning? Why aren't we even discussing ideas for, let alone working on protecting our own best interests rather than interests of those who are screwing us over?

[Layoffs] Why have we just collectively decided to suck it up rather than retaliate?

How has layoffs affected culture at your firm?

Product Marketing Manager

Although you become the face of layoffs and you have to abide by what's instructed, how do you personally feel after a event like mass layoff?

What steps do you take to avoid or minimise the impact in such cases?

HRs how do you feel after layoffs?

Product Owner

Hi guys I was let go last week of June because project did not go well and company didn't have bydgets. Entire team was let go. However when interviewing in last week of June I mentioned to the hr my project is not going well and can leave anytime and I didn't mentioned already I have finished my role. They might offer me a job now in July. I didn't basically tell HR at the start on this. Will I still be ok?  If i show my resignation and last day as same because my previous company mentioned that it will reflect in my experience letter, will it be an issue?

Need opinion urgently layoff

Growth Manager

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

Welcome to Indian Startups's Private Community

I am seeing lots of startups are firing these days even previous year it was happening.

Would like to know the mindset of employees who got saved. Like to know what goes inside your head. How do you deal with this situation as it can happen with who got saved somehow, etc etc

What is the morale of employees in company where layoff happens

Android Engineer

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…

Didn’t they go through a major layoff recently.

Staff Engineer

Welcome to IT Company Discussion's Private Community

I am really curious why there are so many layoffs in the IT industry. Wherever you see, big companies like CISCO are laying off so many employees. Experts on Grapevine, please explain what is going on.

What are your views on mass layoffs?

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