Wtf is happening

Walmart IDC is going down! Walmart US Leadership Centralizes Control, Sidelining India Development Center Walmart US leadership has instructed its top executives (directors and above) to keep all project control in Bentonville and Dallas, rather than even in California. This has led to a hiring spree in Bentonville and Dallas, while the India Development Center (IDC) has been sidelined. Managers and directors at the IDC have been reduced to mere figureheads and people controllers, forced to toe the line of their US counterparts. This is detrimental to both managers and individual contributors (ICs). ICs are being assigned to different teams without any support or work-life balance. They are unable to solve any problem without asking for permission from their US counterparts, even for minor details. The US management has already begun to tighten its grip on the IDC, and the future looks bleak. Additionally, return-to-office requirements are becoming more stringent, and even working hours may be monitored. TLDR: The restructuring of Walmart's global operations is having a negative impact on the IDC, with managers and ICs alike being marginalized. The US management's increasing control over the IDC is creating a challenging work environment for employees, and the future of the center looks uncertain.

What will be repercussions on Indian markets?

I am a fresher and as we are aware that market conditions are not so good. I have joined some job posting groups where recruiters used to post regarding any openings. One guy claimed himself to be an employee of a reputed product based company asked for my resume as he have shared some openings in SDE role in his company.So i shared him my resume and then he msged me that he will assure my joining letter by 25th if I promise him 1st month salary 's 5% compensation and se***l compromise. What the hell is going on.

Hearing that people are getting laid off over emails.

I am really shocked at whats happening around with all these tech/Product influencer, I think I was living under a rock. Realising, you don't need to know jack shit, you just need decent profile. and pretend to know stuff and be lucky your boss is also dump. I actually envy not knowing these skills but ppl like them are going for a killing and knowledgable group who actually built and solved something are weeping in corner.