Google for sure. 178k employees, do you really need that many folks to run a tech company 😅

Yep, it's truly gonna come down soon at Google if things remain the way they are

Corporate Strategist

Google makes about 16 billion profit a year after everything. I think they will be fine.

Software Lead

Software Developer

This just in. Google laying off 10k people.
https://twitter.com/icici_direct/status/1595048861617344512?s=46&t=kX5_R84SID9rWz-EUlkCYg

It’s becoming clear that Twitter will not crash and die because of the firings that happened there. Which other companies are similarly bloated and can see mass layoffs and will still continue work...

Welcome to Software Engineers's Private Community

It’s becoming clear that Twitter will not crash and die because of the firings that happened there. Which other companies are similarly bloated and can see mass layoffs and will still continue working well?

Which tech companies are ‘bloated’ and could see mass layoffs like Twitter?

Product Marketing Manager

Which tech companies are ‘bloated’ and could see mass layoffs like Twitter?- Grapevine

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

Software Engineer

This is actually happening in every company. I personally went thought this and have no motivation to work because I don’t when my email will be logged out.

Layoff impact

Product Manager

Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?

Another layoff coming up at Dunzo🥲

Hope they get their severance packages (I mean salary).

Brand Marketing Manager

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.

Growth Manager

Looks like meta is going for 3rd or 4th ( honestly lost count)  round of layoffs . 
Articles suggest that 5000 folks might be affected 😕

These are the world's largest tech companies and have billions in profits. How can they not know how many employees they need? And once the market opens next year again they will hire rapidly. 

Is apple the only top tech company that's hiring sensibly?

New Meta layoffs

Can we please share the companies which are laying off and kind of roles laid off?

1. Goldman Sachs -Consumer Banking 
2. Twitter -Marketing 
If you have any other companies also please post in comments

List of companies laying off employees in India

Product Owner

Being an investor in equity markets, i was aware of the fact that US market will crash as the free money by fed draws back. I obviously was not able to link this up with the funding dry-ness.

I still expect a founder to be aware of these economic events. I am curious how could the management decide to go for hiring employees only to lay them off a year later. 

If you are a founder, would be happy to know the other side of the story.

What triggered layoffs ?

Let me explain in detail. 
 There are two parts to it and can be broken down basis PnL 
 1. Revenues : Sudden jump in tech( social media, e-commerce, ad tech, fintech, etc) plus supporting industries (chipmakers, laptop / device manufacturer) and the general economy with QE money  
 This impacted forecasts as most firms forecast AOPs basis historically trend (which clearly was an abberation) - this lead to higher HC estimates and rampant and quick hiring  
 Variable costs: CAC, customer support, sales incentive all spiked up as 1. Everyone was putting money (inc bidding price for key words) and 2. Huge customer inflow due to covid (edtech, e-commerce) that required support  
 Fixed costs: While office space / rents remained steady or dropped as % of revenue. This was offseted by fixed tech (software, hardware, people) costs and other costs like (legal, HR, Business, Marketing, supply chain, etc.) the talent was expensive to source plus their need was instant as you already had customer to be served  
 All of this lead to rampant hiring, inflated CTC, rosy forecasts, etc.  
 everyone had turned a blind eye to inflation implications (as for the past 30 Y no one saw a shooting inflation - hence the key decisions makers had now experience & idea about it) - till Dec’21 even FED said inflation is transatory. 
 It was the Ukraine invasion that opened people eyes. Oil went up, food prices went up, UK Europe saw an energy crisis etc 
 This made all the rosy forecast mentioned above duller as 1. Demand was expected to reduce due to higher cost of living 2. Capital became scarce as funding drired 3. Cost of capital (WACC) became expensive as hurdle rate climbed (which is rate of return for bond)  
 Management and investor panicked as they have limited partners (LP) to answer and quess who are these (big pension funds) so people’s pension money had come into startups which were not showing signs of exit for investors. 
 All in all - it is a pain we all have to bare for being exuberant in 2021-2022:

Is there any layoffs coming this quarter from Meta, Amazon, Apple, Google, Microsoft?

Is there any layoffs coming up in Big Techs?

Program Manager

Welcome to Indian Startups's Private Community

Some companies I heard of,
Airmeet
Inmobi
Simplilearn
Spotdraft

Which companies are laying off people now?

There are so many that are also doing silent layoffs right now

Consultant

Tech is slowly realizing that Elon was right and a huge amount of overhead is not necessary to grow these companies when you actually manage teams properly.

The markets are savage, Spotify trading at 8% higher after laying off 17% workforce

Welcome to News Discussion's Private Community

#4 Most profitable company laying off?

Founder

Welcome to 2nd month of 2024.

After Big tech like Amazon, alphabet and Microsoft now big telecom firms are also following the suit.

After Ericson and Nokia, Cisco has decided to lay off 1000s of employees...

Do u agree that firing employees will boost growth in all cases??

If yes, how safe r u!

Layoffs = High Growth 📈

Senior Consultant

Had this thought since long back, but there's one common pattern I have witnessed. 
Since the Twitter layoffs, all the companies out there (including FAANG/MAANG) have joined with the layoffs trend. What's surprising is that most of these companies have had a great financial year and made profits in billions. 
Recession is a time when markets go down and companies can't retain their customers due to economic or socio-political issues. 
So the current situation has made me question whether the layoffs are actually due to this fancy term called 'Recession', which most of the tech influencers out there are preaching and selling thier courses with (shame on them for doing so during these times) or is it actually the VC's control over the companies which is making the CEO's take such decisions?
All things aside, My heart goes out with people who have been impacted by layoffs. Don't forget that there is a thin line between being laid off and being fired, so don't lose your confidence and look out for new opportunities and sell yourself in the market.
Never forget, no matter how the market conditions are, if you are skilled and good at what you do jobs will always find you.

Stay Positive and be strong!

Are layoffs due to recession?

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.

More Layoffs have started

Project Manager

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?

These Big Tech companies like Microsoft, Google, Meta, Amazon, Apple, Salesforce were  the dream jobs, dream workplaces, you know if you got into that, your life was settled, you had arrived. Cool workplaces, high salaries, onsite assignments, basically Big Tech employees were the cream of the IT employees.

But last couple of months, feel that the Big Tech aura has somewhat come down. Layoffs are inevitable in Tech world, but the rather clumsy way these companies have handled it rankles. Employees working from long, fired over zoom calls, emails, access disabled. I honestly did not have much expectations from the Desi service companies, having had experience of their terrible work culture, but expected much better from the Big Tech ones.

I think people will still keep aspiring to land a job in the Big Tech firms, but that aura is no longer there.

Do the Big Tech companies still have that same aura after all the mass firings.

https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html

Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the league of other companies like Microsoft, Salesforce, Vimeo to fire their employees in 2023 till now.

Which tech companies are ‘bloated’ and could see mass layoffs like Twitter?

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