Quite straightforward  
  
 Tech is fastest growing, and in fast growing spaces you always end up hiring in huge numbers for the future  
  
 FAANG even at this would end up growing multiple times faster than HUL/P&G etc. and hence end up hiring basis what they think the need over the next couple of quarters would be.  
  
 When the down market hit, this back fired and hence the layoffs  
  
 For stable industries it’s very controlled hiring and goes off only in extreme events (ex hospitality staff during Covid)

Agree. 💯.  
  
 If I were to exaggerate, software industry is no less than a game of poker.

Software Architect

Investment Associate

simple 
  
 tech bubble 
  
 bubble burst

Founder

Investor

I have friends working in different fields ranging from software, finance, mechanical engineering, food & beverages, FMCG, chemical engineering to hotel business & many more. But I see software ind...

Welcome to Software Engineers's Private Community

I have friends working in different fields ranging from software, finance, mechanical engineering, food & beverages, FMCG, chemical engineering to hotel business & many more. But I see software industry is the only industry subjected to too many layoffs. 

Why do you think this is the case? I want to know the fundamentals of what makes it more vulnerable than any other field. Comment.

Why do you think layoffs are so prominent in software industry alone?

Why do you think layoffs are so prominent in software industry alone?- Grapevine

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

Software Developer

Welcome to Product Managers's Private Community

Ask me anything except my company name, or things that can reveal my identity. I may respectfully choose not to respond to your question based on my own judgement.

Here’s a brief intro about me: I’ve worked as both software engineering manager & software technical architect over the last 18+ years on various tech stacks managing backend, frontend and a little bit of cloud. I have seen ups and downs in the software industry. Currently I’m working as a senior architect in one of the product based companies in India.

I’ve been an Engineering Manager before. Ask me anything.

Hey guys a master's student here . So it's finally that time of year placements have started and the first companies to arrive are the hardware companies like micron , TA etc 

So here's the question is it ok to start your career in these companies considering they are not SDE profiles ? I am aware that the highly specialised roles that these companies offer will end up becoming dead end in longer run . They are offering position only for the masters students 

How difficult would it be to transition into different core cs  companies? 

My coding skills are not that great , still grinding out leetcode ? 

Should I just end up joining these hardware companies or wait and try to crack sde positions ? (The competition is extremely high for those companies and undergrads are great coders)

Hardware companies and software profile

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

Welcome to News Discussion's Private Community

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 ?

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.

Why are there so many layoffs?

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?

1. You are building a software that otherwise could be built by a 12 year old kid, if given proper training.
2. You cannot code if I cut off google, stackoverflow & related websites.
3. You are just concerned about producing the output quickly because a. your work is time bound, b. you want to stand out from others.
4. You attend countless meetings that carry no value, thanks to Agile.
5. 10 people write code for the same software which otherwise could have been written by 1 person.
6. You write pages of documents just because you are expected to write for the team, compliance & stuff.
7. You don’t care about non-functional requirements as nobody asked for it.
8. You are spending hours together in coding a simple thing & you are branded a hard-worker.
9. Or you don’t spend much time in coding because you impress people with tech jargons that you learnt recently. You are branded a smart-worker.
10. The code you write will be completely rewritten in next 3-4 years just to catch up with the industry trends.
11. Your only goal is to earn loads of money which otherwise could not be earned in other engineering fields. That’s one of the reasons why you are on grapevine.

Prove me wrong if you can, by commenting your opinion.

Software engineering job is highly overrated. Prove me wrong if you can.

Tell me you are a mediocre programmer/ work with mediocre programmers /an idiot without telling me you are.

We've witnessed so many layoffs in the past year and this continues to be an upward trend. Bangalore is a city of IT professionals and these layoffs seem to have no effect on the real estate. 
Is this because the numbers are negligent? I don't think that's the case, my company has been laying off people since last year. It was never public. I'm sure there are lots of such companies. 
What are your thoughts?!

How is there no correlation to layoffs and Real Estate?

There is a lag effect, give it a few months and you will see rents and prices not increasing anymore

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

What causes so many large companies to lay off their employees, even when they have enough work for the employees? Why do companies want to have fewer people working for them? Can any expert provide their opinion?

What are the causes of layoffs?

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

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

Having recently been laid off, these last 2 months was a life changing experience and it taught me a lot of things than any degree or organisation ever did. Some pointers:

1. The people who make the decisions never get punished or are held responsible, its the folks like us who are the first to be pushed out of the door.
2. Its shocking to see the layoffs like firesale, affecting almost each and every company in the IT sector. But it makes you think, did some companies really need to layoff people or did they just do it to inflate their share price and Mcap. The upper management and LT are paid in crores to make the decisions and how could they unanimously fail in such a critical part of business planning.
3. Its all about profits. There's no humanity in any of these companies or rather the folks making the decisions and it doesn't matter if you have been with them for 2 years or 20. If I was responsible for 100 people under me and some of them lost jobs because of the decision I made, I would have stepped down myself and wouldn't be able to sleep at night knowing I uprooted the dreams and hopes of not just employees but their families as well, many of whom are sole bread earners of the family. 
4. Treat your employer just as you would treat any brand outside when you go out to shop - treat it like a transaction and nothing else. This layoff also taught me to never compromise about your career and position within an organisation. If the organisation can layoff so many people without a second thought, there's nothing holding you back from joining the next organisation who is offering a better role/compensation. 
5. Be a risk taker. Thankfully I have always been this and this helped me rise quickly in my 6 year career but it's my suggestion to everyone and not just folks affected by layoffs - Never get comfortable in any organisation or any role.
Would love to hear what others think or went through during this difficult period.

A view on Layoffs

Sales

Welcome to Business Roles's Private Community

Very crucial to upskill oneself in specific domains. I believe the frugality is there to stay. Just like most government reports, the actual layoffs are much higher than what you read in news.

Actual layoffs = 10x reported layoffs

Welcome to Data Scientists's Private Community

I have 17 years experience as head of data science in a startup , I am thinking how to save jobs in this current scenario , I am hearing my friends who are in Swiggy , Zomato in senior vp positions loosing job . How to up skill to become layoff proof or easy to get jobs , data engineering with complete architecture and design data platform knowledge of aws , gcp,azure, data bricks, snowflake , 
Know end to end all major domain bfs , insurance, retail ,e-commerce , manufacturing to generate insights
Know llm architecture , system design , end to end software development , MLOps , web development, data base design 
People management , mentoring, leadership, industry connect , doing part time phd what we should do to be evergreen to get job when layoff happen or save ourselves from layoffs

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