Growth And Strategy

One day your number too will arrive! Run!

Software Engineer

Damn. Take a day, recollect, figure out finances, make your resume, make a list of people who can help intro you for a new role. I'm on the same boat btw.

Corporate Strategist

There is a reason why company NOT chose you to lay off. They need you. So one should not panic and make hasty decision to start looking for another job. Instead focus on making the company depend on you a lot. Take more responsibilities and take the load off (work) the people who got laid off. Also do not give full KT to new joinees. Make sure even they are dependent on you. In this way, you will learn a lot (from the work where ppl got laid off used to work on), gain more experience in the field and then make the decision to leave the org.

DevOps Engineer

Cause its better getting fired, you get severance. 
 Start looking, or better, working at another company till they fire you.

Your company just laid off 3040% of employees. Why would you wanna work there and not immediately start looking for another job?

Your company just laid off 30-40% of employees. Why would you wanna work there and not immediately start looking for another job?

Your company just laid off 30-40%

Your company just laid off 30-40%- Grapevine

People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected. 

Source: Heard from a friend. + mentioned in the Cross org emails by mukesh

Layoffs at cult.fit & cultsports

Product Designer

Welcome to Indian Startups's Private Community

I am seeing lots of startups are firing these days even previous year it was happening.

Would like to know the mindset of employees who got saved. Like to know what goes inside your head. How do you deal with this situation as it can happen with who got saved somehow, etc etc

What is the morale of employees in company where layoff happens

Android Engineer

Welcome to Data Scientists's Private Community

I am an ML engineer working in a startup.

My current situation is horrible,I am constantly stressed about getting laid-off(My performance is good,I got promoted a month ago). I came to know that my company will probably lay people off this month,since they are unable to meet targets.

Now,I got rejected in four interviews.
There is a lot to learn and revise.
Stats and probability.
Machine learning algos.
Deep learning architectures(got rejected because I was unable to explain the architecture of a complex model in detail).
DSA(got rejected twice in this round).
SQL (got rejected once since I was unable to solve the SQL problem).
ML ops(some recruiters ask this as well).

With the added pressure of getting laid off,my whole life is turned upside down.I am unable to focus.
Every meeting or discussion I attend I feel like people are evaluating me.( This was not the case before).
I don't know what to do.
It would really help,if you guys share your interview experiences below.

Rant

Machine Learning Engineer

Welcome to Software Engineers's Private Community

I am hearing that some companies are laying off again? So is this a good time to switch or just stay wherever I am. That being said, I am not happy with my CTC and looking for a hike. And my current CTC is ~26 so how much hike can I expect if I do a switch?

Is this a good time to switch for an SDE with 2.5 YoE

I got laid off in Jan. Took 4 months to land a job finally and joined a new company in May.
This new company seems to be silently laying off people now in the name of cost cutting and likely be trying to raise next round of funding although they previously raised previous round in Aug-2022.
Although right now it's more of they need me (my role, I'm the only person of this role) more than I need them, I'm 70% confident that I might not be impacted, but the 30% chance is keeping me sleepless. What do I do? Pretty traumatized from the first layoff.

What should I do?

Business Analyst

I have 2 options, either to take a 40% pay cut or leave the company (get laid off), what should I do? Would taking that high pay cut will lead to negative impact for my next employer?
How does companies/hr takes this while hiring?

Should i take a pay cut

Software Developer

Apply to companies that recently did layoffs and mention a person recently laid off as reference.

For Software engineers with 7/8 years of experience or access to relevant data points, can someone tell me the following:

Pay structure and salary increment in 2016-2019 cycle vs 2019-2023 cycle 

I have a feeling that a lot of SEs here have an inherent sense of entitlement, that they deserve a salary X / WFH / other covid perks... which is primarily pegged to the madness of 2020-22, where they were getting abnormal salary increments. My hypothesis is that they are still better off in 2019-23 cycle vs 2016-19 cycle.

Thoughts?

Curious - Salary increment

Investor

Are there folks on the vine who have experienced previous down cycles?
Financial crisis of 08-09 or the funding winter in 16-17?

What would you suggest someone who has been laid off on how to navigate career trajectories given the uncertainities ahead. Many folks would have planned their career paths but due to the change in situations all of this has gone for a toss. 

Should people settle for lower pays or lower designations? How does it impact the trajectory ahead

Other folks who have read about this or discussed this with others do pour in your thoughts

Guidance on navigating down cycles

Welcome to Business Roles's Private Community

I (23 grad) working with a service based company, around 5 months exp, got an offer from Swiggy for a contract role. Is it worth joining Swiggy right now amidst all the recession and layoffs chaos?

Swiggy joining

I have heard a lot of people suggesting stay on a technical side ,coding side if you don’t want to be laid off and always have a market value . But now I see almost everyone is getting laid off !! 
What are your suggestions?
Choose a career into coding or technical side only or go into other roles like technical functional ,product owner etc.

Engineers Irreplaceable ?

Welcome to Office Gossip's Private Community

Got hints that I’ll be fired

I presented them with an option of taking a lower level position

The next lower level options top band was 40 percent less than my current pay

I took the demotion given the market and personal circumstances.

 If I search for opportunities outside I would have to ask for 60 percent hike

I guess, my salary is corrected forever 😪

I took a demotion

Hey I hope you're all right  
 While the mkt is definitely in downtrend demotion would be difficult for you in long run. Let's connect over DM

Does anyone know something about how Dealshare is doing, the folk founders and culture there etc? Am interviewing there and would like to know more

Any thoughts on Dealshare?

Background,
I got laid off from an organisation and by god's grace I had a offer, which was not that good 10% decrement in salary, but me being a scared person joined the company.

Now 1 month after I realised I can do much better and market seems to open up.

What should I tell the HR in 2 scenarios.

1. I had already started Interviewing and haven't mentioned that I was layed off. What should I tell if I get selected? 

2. If a opportunity comes to start Interviewing for seperate company, should I mention about ty current company or no?

PS. The work in current organisation is not that good and it's a contractual role.

Need advice on what to say to HR of new company .

Boys and girls, Simpl is laying heavy this week. Stay tuned for my rant post in some days

Also Dm if you can refer for sde jobs, thanks

Simpl Layoffs

Bruh they were hiring last week. DM me for referrals at Angel One. (Fully remote for SDEs)

Product 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.

I laid off last week and getting call for interview . They ask me notice period. 
Should I tell them that I am immediate joinee and tell the reason as laid off?
Will it make negative impact for inital screening?

My preferable answers will be from HR or person who laid off in past

What should I tell as notice period after laid off

One of my close friends is not liking the work in the current company due to the terrible WLB. He is planning to switch to a new company but doesn't want to show this current company experience of 3+ months. Have you ever come across such a situation? What's the best thing to do? If he reveals to the new employer then it won't be good on his resume because the company previous to the current one laid off 50% of employees and unfortunately he got affected too in that layoffs. So, due to tough market conditions he has joined a startup and realised that he can't sustain here for long.

Please guide if it's alright not to put the last 3 months experience in the resume and apply for new jobs.

Your company just laid off 30-40%

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