Can be both. Depends on how the management and HR choose to execute it.

Founder

Is this only a termination of working employee of that particular company or this means a new joinee yet to be onboarded will also face an "offer letter withdrawal" ?

What does layoff mean?

Software Engineer

What does layoff mean?- Grapevine

Welcome to Banking & Finance's Private Community

What is the difference between layoff, forced resignation & termination?

Relationship Manager

Welcome to Office Gossip's Private Community

What are some of the questions related to labour law in India that you always wanted to know (probably something that your HR may not explicitly tell you) - Ask here!

Labour Laws that you always wanted to know

Lay off, Termination, Dismissal- I have heard these words multiple times, but I don’t know how each one is different from the other. Can anyone on this platform please help? Also, which is worse- getting laid off or getting terminated?

Difference between laid off vs terminated

Welcome to News Discussion's Private Community

Heard they are doing another round of firing today, can anyone confirm this?

Byjus layoffs

Analyst

Instead of giving out the severance, they’re asking for resignation. 

And what’s worst is if you don’t resign they won’t give you experience letter and full and final settlement.

My friend who works at Classplus has been asked to resign

Welcome to Indian Startups's Private Community

Feedback letter from employee to Founders, CEO & CTO

Heartwarming message from ex-Byjus employee to founders.

For details just reply to this email. I will email an excel sheet of all of your failures 
 😂Lmao, that was🔥

Product Manager

What happens to Joining Bonus or Retention Bonus if layoffs happen? 
I know RB might not be considered, but what about JB?

Layoffs

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

Welcome to Software Engineers's Private Community

I am hearing that some companies are laying off again? So is this a good time to switch or just stay wherever I am. That being said, I am not happy with my CTC and looking for a hike. And my current CTC is ~26 so how much hike can I expect if I do a switch?

Is this a good time to switch for an SDE with 2.5 YoE

Heard with some people working there. They have asked many employees to start looking for other jobs. 
If any other person working there can confirm.

Mathcompany Layoff

Business Analyst

The job market has not been good for the last 12-15 months, but organisations around are offering good severance to their employees and aiding them for their next steps. But UC conducts "performance reviews" twice a year, which is basically a platform for managers to wage a personal vendetta against the "low performers"(read: people who don't suck up to them). And hence, they strategically 'ask people to leave', in return of making sure that terms like 'fired', 'laid off' would not be associated with them. So, people put in their papers, and serve the one month notice without working, and get that salary as their 'severance'. 

Leadership team goes on to boast the fact that there hasn't been any layoffs in the company. Well, fair, because one needs to own the fact that they've laid people off, and funnily enough one of the UC values is 'ownership', and managers do OWN the indifference to the sudden absence of a certain team member from meetings. 

Apparently, people perform fine till the time these half yearly reviews are conducted, because there isn't any concern about their performances in the regular one-on-ones with the managers, but cometh the review, cometh the concerns with performance. Managers nit pick over employees not responding within 15 minutes to their messages. Also, there isn't a 360° view of performance, so your peers, who work much closer to you don't have a say in your performance.

UC brags a 'meritocratic' culture, and rightly so, where ones merit is their ability to show their work as 10x of what it actually is, appearing to be busy with a completely packed calendar, and always saying yes to whatever manager says, even if it means bending over backwards for them. 

<Continued in comments>

Urban Company - A spineless org with hypocrite leadership & incompetent middle management

Software Developer

Welcome to Business Roles's Private Community

Context: Worked at a boutique consulting firm this summer and loved it, especially my team and my manager who was very empathetic and caring. Received a PPO.

Problem: Given family financial circumstances (primarily) I had to think beyond my interests and hence sat for placements and received a placement from a much bigger consulting company. I now feel super guilty and do not know what to do. I eventually want to come back to the boutique firm as it specialises in a niche I care about (once family issues sorted).

Question: Is it wise to be fully upfront, first tell my side of the story to my manager asap and reject PPO politely? If not, what is a good way to do it?

TL:DR - How to reject a PPO after accepting it?

Any honest opinion and advice would be highly appreciated. I understand I have put myself in this complicated situation.

Need advice! (PPO + Placement)

I see my organisation is being very cautious about the layoff process. They are forcing us to resign instead of them firing us. Also the communication is put out saying we are resigning and serving notice period instead of mentioning severance.

Are layoffs illegal?

Edtech layoffs still continuing?

Teams were asked to strictly work from home for today because of plumbing work going on in the office. Roughly 300 people were laid off in a townhall hosted by the founders.

Scaler lays off 20-25% of their workforce

How will they tell people that their courses will help get a job in a product company now?

Recruiter

Lay off

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

It's been a month now accepting the offer letter, only 15 days remaining till I join the new company, can the recruiter now decrease my compensation again if he knows my company is going to do a layoff round?

Can a recruiter decrease the compensation even after I accept the offer letter

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? 

If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? 

Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..

Job Market right now in India?

It is really bad right now 
 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big MnC. 
 2. Almost everyone I know of wants to switch, because of no/less appraisals from last 2 years 
 3. Bad work life balance - people thinks switching might help 
 4. Too much competition for any open position. Because of too much supply, companies are low-balling and people would accept the offer.  
  
 Recruiters ghosting is too common. Even if you've killed in your interviews and recruiters get someone who's ready to join on less pay, they'll simply ghost you.

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.

PIP then laid off, again laid off

Can relate op I got laid off twice last year. Got trauma because of that 💀. More power to you

What does layoff mean?

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