Yess happening... They are taking 15-20 college students now from the usual 2-3 and giving PPOs to all

Analyst

In our college all jp morgan Wells Fargo and citi bank came ... All of them took 15 students .... Meanwhile other.companies only took 5-8 students

Probably
Fire in west and hire in india going on

Every other guy I see these days is joining JP Morgan/wells Fargo/HSBC/Citi etc.  Seems kind of weird. Not to mention insane hiring leads to layoffs as we know....

Welcome to News Discussion's Private Community

Every other guy I see these days is joining JP Morgan/wells Fargo/HSBC/Citi etc.

Seems kind of weird.
Not to mention insane hiring leads to layoffs as we know....

What's with the large amount of hiring going in US Banks?

Founder

What's with the large amount of hiring going in US Banks?- Grapevine

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

Welcome to Personal Finance's Private Community

They've hired Boston Consulting Group to help them carry out their plan. The plan is to cut atleast 10% in major units. The project is termed Project Bora Bora. 

They will be eliminating regional managers, co-heads and other employees with overlapping responsibilities.

Chief of staffs and chief administrative officers will be cut this month. Operations staff who aided divisions that have been divested or reorganized are also at higher risk of layoffs.

Citi Bank is reportedly going to cut 24,000 jobs worldwide

The Consultant life is all about chilling and billing. You chill and then you bill for the chaos

Product Manager

DevOps Engineer

The economy went down? Yes. Did it affect all kinds of companies? Yes

Did the banks fire any one? No 
Did the Railways fire anyone? No 
Did the media agencies fire anyone? No 

Did Large Tech companies and IT fire people? Absolutely yes 

Tech is the most ruthless-stupid sector that is so flimsy and short sighted that it doesn't care jack-shit about employees

Tech companies will pay employees large salaries in a heartbeat, they'll hire 1000s of them and then fire 100s of them in a heartbeat destroying careers. 

Sigh!

Tech has failed to be a good employer; Layoffs are just one example

Not the way it works. 
It's a function of how fast an industry grows -> The faster it is, the more you have to hire in advance, because you know if the pace continues, you'll need as many. 

Railways needs 5K people this year, they need 5K next year
Google needs 5K people, they need 7.5K next year (if things continue) 
At startup needs 500 people today, it needs 2000 next year (if pace continues) 

So when the pace does not continue, the impact is equally drastic.
Startup fires 25-30%
Google fires 5-10%
Railway fires no one.

Corporate Strategist

Growth Manager

JP Morgan lays off 1000+ employees at Newly acquired First Republic Bank 

https://www.forbes.com/sites/brianbushard/2023/05/26/spring-2023-layoff-tracker-jpmorgan-cuts-1000-first-republic-employees/

Now even Banks aren't able to escape Layoffs

Data Scientist

What's your take on this ?
Given the current scenario what job offer will you all be interested in?

I'm having doubts for Amazon because of layoffs and other bad work culture news. Can anyone please confirm this??

But duniya bhar k banks doob rahe at this point in time. E.g. US Banks..

Confusion pro Max .🤔🤔

Amazon vs other BFSI job offer

Cybersecurity

When can we expect the market to be up and we get the calls for hiring?
Currently, hardly any interview calls are approached.

When will the market be up?

Software Test - QA

News of jpmc doing layoffs after Morgan Stanley last week is out.
Wanted to know if any teams, departments or employees in India, Mumbai and Bangalore are affected?
If anyone has any info, please share.

Any updates about jpmc layoffs in India?

Equity Research

How can we be layoff proof even companies like Citi , Barclays , google are firing people

Layoff proof

Google is sick 🤢 !! 700 million to fire people.

Product Designer

Welcome to Office Gossip's Private Community

Hi Everyone, 

I would like to know if there's a hiring freeze at HDFC Bank? 
Any Idea why the hiring is on hold and when it's gonna reinstate? 
Has anyone joined HDFC bank lately?

HDFC Bank

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?

Saw this article https://m.economictimes.com/news/international/business/morgan-stanley-plans-more-job-cuts-us-media/amp_articleshow/99919947.cms

Is Morgan stanley laying off?

Analytics Manager

Hi everyone, recently i interviewed for a product position in hdfc bank. I did well and was asked to submit documents for offer release. Everything was going fine. But, a couple of days later, I was told that there's a hiring freeze in hdfc. Can someone confirm this? Thanks in advance.

Hdfc bank hiring freeze

I can see a lot of getting placed, starting new positions posts on LinkedIn. Aprt from the obvious jpmc appraisals, is hiring starting to get normla? Also the orgs which did layoffs is hiring?  And by hiring here I mean people actually starting there day1. I cant wrap my head around. Whats happening?

Whats happening

Software Developer

Guys a friend working there told me Kotak Bank is going to cut approx 20 percent of the workforce across all departments. They have already started revoking offer letters. Also they will not be giving increments and bonuses. Tough times ahead. Anyone bearing things from established companies.

Kotak Bank to start lay offs

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.

Software Engineer

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

What's with the large amount of hiring going in US Banks?

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