Why not pay loyal folks more than new hires? Some things will only upset those who ponder

Software Engineer

They play with “cost items” on balance sheet. Not saying it’s the best way, but it’s the easiest way. Hire at low, show investors you are cutting, fresh talent possibilities.

Product Manager

Hiring budget >>> retention budget 
 XO gets bonuses for saving costs by firing folks 
 HM gets bonuses for hiring more folks

I've come really bizarre cases of companies laying off some division(s) while actively hiring in other division(s).  Why do they not transfer some of the tobe laidoff employees to the other divisions?

I've come really bizarre cases of companies laying off some division(s) while actively hiring in other division(s).

Why do they not transfer some of the to-be laid-off employees to the other divisions?

Why layoff and not transfer internally?

Software Developer

Why layoff and not transfer internally?- Grapevine

Welcome to News Discussion's Private Community

Like, why don't they just internally transfer?? Also, I guess its more expensive for Microsoft to layoff and then hire, since they have to give severance package, as well as the cost of recruitment too. So this decision does not make sense financially too. So anybody can tell what exactly is Microsoft's thought process?

Why is Microsoft laying off SDE-2 and hiring SDE-2 simultaneously??

Layoffs are a common theme these days among all kinds of companies. In general, Layoffs are bad for the people affected.

I want to hear stories from people who had a layoff that was done with dignity, respect and humanity.
Please describe what made your experience of the layoff great and which company were you part of.

How a company handles Layoffs reflects a lot on the culture of that company.

So let us highlight companies that do Layoffs well.

Layoffs done with Humanity

Senior Manager

Welcome to Business Roles's Private Community

I don't know if I'm overthinking or not, but I need a sanity check.

A couple of months ago, our department underwent a huge change. Our department at 400+ people and close to ~25 of those were working in US and UK. 

We had layoffs in may. A month prior to that, those 25 people were shifted to some other department with no changes in their roles despite us being told that our roles were pretty much obsolete and we'll be shifted and trained to take up other similarly structured roles. 

It's just crazy because there were no layoffs only for those people but almost every other department in all countries had some people laid off. 

This question of mine wasn't answered when I asked in our leadership office hours. 

It's crazy because usually Indians are cheaper right? It was not like those 25 people were generating a crazy impact that other Indians weren't.

Anyway, a lot of us like me are now stuck in a different role and are being trained for something that would provide absolutely NO VALUE once we are out of this organisation. 

Have no motivation left and conspiring is what I do to spend my time during those trainings as I don't see them providing value at all.

Non-Indian people/team being treated differently

Account 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

Founder

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

Loosing respect for the companies which are laying off the freshers. I thing it is the worst thing which can happen in an industry. 

Ola and Amazon have fired freshers very recently.
Any other companies which had done this?

Freshers laid off

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

Swiggy lays off 380 in emergency townhall

Last December there were planned layoffs at Cisco which was known to everyone in advance along with the dates and the percentage of people to be laid off. This seemed fair at the time.

Now they have laid off people on a random Monday with no prior information or any talks in the company about the same, managers just told that people who are affected have been informed and not to spread rumours, etc (all managers lingo).

Most people were in a higher position in Tech and PMs(as per what I have heard), but surprisingly the managers were not involved and no one knows the criteria of layoff(upper execs did the layoffs). The performance issue was not the cause(confirmed by the manager) then what is the criteria?

Does anyone here have any idea what these people see when they do the layoffs? Assuming the project is still on, and the person did not have any performance issues? I am curious.

FYI - I wasn't affected (luckily).

More layoffs at Cisco

Work culture has become ultra toxic. Managers have started nano managing and literally are a pain in the ass. Product giving unrealistic timelines and leadership agreeing on the same without even consulting the developers and even if the developers are raising concerns, no fucks are given infact they are made to realise that this is how a startup should work. Literally everyone is working their asses off and still unable to meet the deadlines. Empathy is completely lost and WLB is a sham. People including me want to switch but are not even getting time to prepare.

Rant on Swiggy wlb

This is all trickling down from the Leadership, they are trying to cut down costs by any means. Already had one round of layoffs, now they are doing silent layoffs in the form of PIPs. 
  
 Also, Leaders have lost the long term focus and are trying to find out more and more short term projects related to profitability.  
  
 There was always this pressure of work, but in the past 7-8 months this has become unbearable with no empathy in the organisation.

Analytics Manager

Welcome to Indian Startups's Private Community

Got a job but now got another offer at 80% hike. What’s the best excuse to leave the job?

Best excuse to leave job within a month?

Don't give an excuse, have an honest conversation. Believe it or not, Honesty is the policy, even in these times

UX/UI Designer

Welcome to Office Gossip's Private Community

Thought I will make this revelation. Smart Managers deliberately continue to keep ordinary people in their team and these people are given a decent hike too so that they can stay in the company until there is a layoff scenario. This generally happens with product based companies that undergo periodic layoffs regardless of economic slowdown.

So if you are an ordinary employee & continue to get encouraging feedback from your manager plus a decent hike every year, beware! This might be a smart-trap laid by your manager.

Managers deliberately keep non performing employees to use them in a layoff scenario.

Software Architect

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

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!

Layoff at BYJUS as mentioned by articles

Hired lionel messi to promote brand and cuts employees to save costs.  
  
 What a fucking high IQ C suite the company has🤣 piece of shits, thats why never work for Indian companies. No morals

AI Engineer

Growth Manager

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.

Hello folks, recently one of my friend got laid off. The new company is requesting for any doc/email or acknowledgement. However, he only received FnF and nothing. Wanted to understand if any company gives the doc or any acknowledgement that can be treated as a proof? And any suggestions to tackle this?

Layoff docs

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Why layoff and not transfer internally?

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