Copied: 
  
 Highlights from TownHall 
 CEO taking 98% pay cut 
 Execs taking 20% pay cut 
  
 Severance: 
 Up to 16 weeks’ salary and healthcare coverage 
  
 • Payment of your earned FY’23 annual bonus based on company performance 
  
 • RSU and stock option vesting for 6 months for US employees and through August

Founder

Software Engineer

Sometimes you wonder what a company that’s pure software with just one product was doing with 8K+ employees

Product Marketing Manager

Zoom layoffs 1300 or 15% employees on tuesday.

Zoom layoff 1300

Zoom layoff 1300- Grapevine

Welcome to News Discussion's Private Community

Zoom communication announce 1300 job cut..

Zoom Layoff

Project Coordinator

Layoff

Program Manager

Any chance of layoffs in swiggy in the technology department?

Twilio layoff 15%

Heard from a friend that their team is seeing possible layoffs of 30-40% of people. Is this credible across smallcase or just their team?

More layoffs at smallcase?

Product Manager

Welcome to Office Gossip's Private Community

Zomato Layoff

Project Manager

Google layoffs

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

dunzo laid off ~20-25% of it's workforce today, calling it that they overhired, pretty pre-planned.
And coincidentally some dept. heads are on leave for the next few days, unavailable to answer their team.
I wonder why these people even take up the leadership roles if they can't step forward to answer.

Dunzo massive layoff

Business Analyst

They fired almost 50% of the workforce

Aug 2022: 20%
Nov 2022: 22%
Feb 2023: 7%

Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.

Affected in Turing layoff number 3

Analyst

Dunzo laying of 20% or 200 employee (approx) majority in tech and product. Is this end of dunzo?

Another layoff coming up at Dunzo🥲

Hope they get their severance packages (I mean salary).

Brand Marketing Manager

Livspace layoff 2% or 100 employee. Majorly from tech, product, content and marketing.

Livspace layoff 100

Google parent Alphabet on January 20 announced that plans to cut about 12,000 jobs or 6% of its global workforce, Bloomberg reported.

Google parent Alphabet to lay off 12,000 employees, 6% of total workforce

Google to lay off 12,000 employees worldwide

Source is someone from Cisco. Can anyone else validate or reject this leak/rumour?

Cisco to lay off 8-10k next week?

Investor

Everyone is informed today about 80% tmrw morning. Joined week back. Please refer if possible.

I can vouch for quality of my work. Looking for SDE/SE role. I can share further details.

Simpl Layoffs

PayU India had a silent layoff

Lead Data Scientist

According to a report, Amazon will be terminating 10,000 jobs starting this week, which represents less than 1% of its 1.5 million global employees and around 3% of the company's corporate staff.

Amazon to layoff 10,000 employees

Rumor mill is fired up since a week and all meetings with senior leadership this week have been removed from calendars without any notice! Also noticed that several leaders are WFH today. Guessing that is to avoid nervous conversations and to engage in private meetings over phone calls to decide which heads they are going to chop off. 
The 🔔are going off! Prepare yourselves!

Wayfair Likely Doing a Mass Layoff Tomorrow

https://zeenews.india.com/companies/over-50000-employees-laid-off-by-153-companies-globally-in-2023-so-far-as-google-joined-the-league-2563912.html

Alphabet and Google CEO Sundar Pichai announced in an email sent to affected employees to lay off 12,000 employees globally. It joins the league of other companies like Microsoft, Salesforce, Vimeo to fire their employees in 2023 till now.

Zoom layoff 1300

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