https://m.timesofindia.com/business/indiabusiness/laidofftechiesstruggleforjobs/articleshow/99278169.cms

https://m.timesofindia.com/business/india-business/laid-off-techies-struggle-for-jobs/articleshow/99278169.cms

Your thoughts on this?💭

Analyst

Your thoughts on this?💭- Grapevine

link - https://the-ken.com/story/indias-startup-workplaces-confront-the-rise-of-the-unhireables/

Thoughts?

Founder

Welcome to News Discussion's Private Community

https://www.indiatimes.com/worth/news/22-year-old-indian-student-loses-90-percent-income-after-chatgpt-launch-611058.html

Thoughts on this article

Welcome to Indian Startups's Private Community

PAYTM Payments Bank essentially asked to shut shop. 

Afaik here are the few implications
1. Stock market will react in a bad way to them
2. Worst affected are going to be FasTag users who bought from PayTM.
3. No deposits / credits allowed in any account. Withdrawal is allowed. 
4. UPI not allowed after Feb

Paytm gets a shock from RBI

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

Growth Manager

Product 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.

Corporate Strategist

Sad story... Anyone else you know of who has been affected ?

https://www.indiatoday.in/technology/news/story/indian-microsoft-employee-laid-off-after-21-years-for-service-says-it-is-hitting-him-hard-2323719-2023-01-19

https://timesofindia.indiatimes.com/business/india-business/husband-wife-deal-with-layoff-on-social-media/articleshow/97156717.cms

Microsoft Layoff Impacts

I am sure this post will get a lot of backlash but still I want to express my thoughts. I usually don’t post anything but this just cross my mind.

It’s been months now and we are hearing layoffs news from big tech giants Twitter, Google, Amazon, Meta, Microsoft. LinkedIn is flooded with posts from the people who got laid off. These posts garnering thousands of comments from people ready to help.

My question to the tech community, What are we doing for our people who are not from so called big tech companies.? How are we helping them? I am sure there are people who got laid off from other companies need greater support in getting a job.

All the companies right now are focussing on getting people from the former group. I don’t have any problem with that but it’s the fact that they were already on the top 5-10% of the tech pyramid. They were getting paid better than anyone in the market for years. They got the best facilites and sure have a good financial backup and savings. Even the severance packages they get from their companies is way higher than the market standards. Moreover, they are talented minds and already have an edge over their competitors.

My request to tech community is to stop being biased and help people from the latter group to get some living(Job). They are in more need of our help and support.

PS: This is just my personal opinion and there is no negative context to it.

Layoff posts in LinkedIn

I recently worked at a startup and it was terrible. 

To be honest, I still worked at one of the better ones but it just sucked. 

Some of the clear downsides I see 

- Survival mode leads to chaos. You can be treated anyway and asked to leave whenever  even though you left big opportunities to be here 
- Brand loss to find next job (Big problem)
- Trying to make you feel unworthy(Doesn't bother me but I have seen people lose self confidence)
- Loss of opportunity to build real skills like building sustainable teams for the long run

I think over all working at a startup especially early teams is a losing proposition. Do it only if -
 - you know the founders/team well 
- you know the industry and market well and it is a bet you personally believe in
- you are secure enough in life that if you go back to your job, you will easily get employed 


For middle class kids, startups are the worst bets one can take.

Working at startups is terrible

Product Designer

Is it true that Microsoft is laying off 10000 employees today?

Microsoft Layoffs

I don't know why everyone is making a big deal out of layoffs. Even the ones who laid off are not that concerned than the ones who comment.

Laid off employees literally get free money upwards of 10 lakhs in many cases of senior developers who are laid off from top tech startups. Companies pay severance equal to 3-6 months salary of laid off employees. Some even offer other benefits as well.

I personally know a couple of Devs who got around ~9-10L in severance pay. So, yeah if there are layoffs happening in funded tech startups or leading tech companies, considering their pay range, laid off employees get handsome severance pay including employee benefits

Layoffs a big deal? Positive side of layoffs

Hope you get laid-off & get a good severance package! Will see how your job search goes.

Engineering Manager

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.

Software Engineer

Looking at so many layoffs at Google, Cloudflare and FAANG-type comoanies; that too in spite of having profitable quarters makes me think of FAANG is a curse instead of blessing?
Anyone with similar thoughts?

FAANG unattractive in 2024

Thousands laid off from India and US teams. The problem is, it came like death. The message of lay off came suddenly.

I want to know if companies want us to serve the notice period before leaving, then why don't they even give notice to find a new job?

I was the only breadwinner of my family and I am nowhere now. How should we go ahead with this? Do we have any legal options? Can we sue #pocketfm . What they did was absolutely unethical and 100% wrong.

To the most of us, they used to pay peanuts. But still we want to know our legal stand here.

Pocket FM Layoffs

got ghosted by them after clearing all rounds guess whatever happened was good only

Data engineer

Consultant

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

Living in India, there exists a stigma around hiring laid-off employees, a mindset that lacks the maturity to comprehend life's inevitable fluctuations. It's disheartening to observe this perspective, especially when considering the experiences of team members in the US, who faced a similar situation but managed to secure employment. This disparity in mindset may be one reason why individuals hesitate to return to India after experiencing the professional landscape in the US.  

Indian recruiters & hiring managers need to come out & change mindset about laid off engineers & managers. This is truly killing the entire ecosystem.

Layoff in India vs US

Welcome to Software Engineers's Private Community

Is it good idea to reveal that you were impacted by layoffs? Do HRs lowball the offers when they know who are in need. I get too many calls because of being immediately available but when it comes to money all have same trend not sure is it do with my situation or markets situation..if I don't reveal what excuses do I make?

How laid off candidates are treated in job market

Software Developer

What u guys think will there be mass layoffs in Indian IT in coming days??

Layoffs

Welcome to IT Company Discussion's Private Community

Is it time we should start thinking about other than IT as there are uncertainty around jobs and Indians are easy targets for any recession. 
Not every layoff is due to bad performance but it is a layoff indeed. To avoid such dilemma and fear, should we move out of country or IT?

Should we stay in IT or look for something else ?

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.

Welcome to Confessions's Private Community

It's getting dirtier by the day and sure some orgs are still up to their dirty tricks.

The models:
- Appraise and then Lay Off: Why bother putting bandaid on a stab wound? Anyways the folks are going to fight how to answer the ..why were you laid off war, and now you are adding another twist.. why were you appraised and then laid off?
- Low appraisals to force quit: Undervalue them so they leave on their own. It’s a leeches way to cut costs. Kill morale 100%. Severance penny spent $0.
- Trap them in PIP: Dress it up however you want - very very few escape this death sentence.
- Silent treatment: No assignments, No meetings. Watch them spiral into anxiety and leave to save their sanity.
- Workload overload: Drown them in work until they break. No need for layoffs list until they make it to your collapse list first.
- Strategic reorg: Re-organize them out of existence. Offer a demotion or a proxy role in a random team that you know they dont want as an alternative. 
- Sudden policy changes: oh! I have seen so many I can't keep up with this one. 
New policies that make their life hell. People leave to escape your pettiness.
- Mandatory relocation: Demand they move to an undesirable location. Then you treat remote employees like outsiders. Exclude them from key projects, conversations until they feel like foster care kids, second-class citizens. You know the outcome from there on.
- Use the "Culture Fit" excuse: Call out how they’re not a culture fit. Vague, unchallengeable, and forces them out without severance.

And don't sell me "the org has got to do what it has got to do to survive" line. I don't buy that
If you have seen this being done, I understand your silence, but I don't value it.
If this has been done to you or someone close to you, I am sorry. Orgs and the people failed you. 
We could be 1000x better than what we are operating as.

dirty tricks played by orgs to Lay Off employees

Human Resource

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