Office Gossip13mo
by CosmicRaccoonAmazon
Top comments
Looks like planned announcement with Swiggy 🤔
Checkout this post on Grapevine - https://share.gvine.app/2sZ4nm8ypVayuipRA Bloodbath coming in Flipkart 25...
Layoffs
on
SleepyBanana
Bloodbath begins in India the real recession
The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week
One of the companies in which my friend is working Spyne.ai layed off closed to 20-30 folks across various departments tech, marketing, sales , product, hr and ai their total workforce is around 80 employees
Insider news also states they even fired their chief of product, and its becoming tough to sustain, they even gave esops to employees on a valuation they havent achieved yet during appraisal season
It was a forced resignation, 2 3 folks were even said leave we wont be giving you any severance.
Yesterday even recieved news off layoffs inside TCS(US), myntra and navi
Even hearing news from zs and paytm that they might start a fresh round of layoffs
19mo ago
SnoozyPanda
Unilever19mo
It's more of a market rationalization which is common after every bull run. What we are seeing now is just exactly how a stock market behaves
SleepyBanana
ShipRocket19mo
Stock market is something you put money where you can afford to loose imagine not being given severance and you have to take care of family and pay your emi
SnoozyPanda
Unilever19mo
I was explaining about the current job scenario and the reasons for it.
GroovyBoba
We will all know when a real bloodbath happens. Right now it's just simple market correction
MagicalDumpling
Stealth19mo
Bloodbath? Please do not state such hyped words without any substantial data . You do not know how much impact your personal view may have .you want to share information, do share but be responsible. The data you gave is just 0. Something
ZippyWaffle
Gojek19mo
It was so funny. I thought I was gonna see a lot of statistics and numbers but all I saw was a couple of companies lay off news which is already happening. Bloodbath it seems.
And what they mentioned about force resignation that is already happening in other companies as well.
BubblyDonut
Dream 1119mo
I had interviewed at Spyne last year for an SPM role and gotten rejected. Kinda happy that it’s a dodged bullet considering the layoffs you mentioned.
SleepyBanana
ShipRocket19mo
Work culture was great only for namesake, although i heard that parties were great but in general engineers were overburdened and a lot of micromanagment was present from the top instead of focusing on building the product started laying more emphasis on clients
FluffyNugget
Plivo19mo
More like butterfly effect… Anyway, this can lead to creating real blood bath if same thing happens rapidly across many regions. Like the default of banks
DancingRaccoon
Stealth19mo
How did you know that zs and paytm might start layoffs? Please enlighten us
JumpyPretzel
Stealth19mo
Please do not use sensational words just to grab attention. Current situation is just the usual one. In fact, I think hiring is gradually picking up.
QuirkyMarshmallow
Walmart19mo
U haven't seen a recession if youn't experienced 2001 and 2008. That would ge 99.9% of them here
SleepyBanana
ShipRocket19mo
What do you mean references
WigglyTaco
Deloitte19mo
TCS (US) layoffs 👀😳 Is it true? Any source or reference
Discover more
Curated from across
by CosmicJellybeanSoftware Engineer
Silent layoffs happenings across organizations
I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead
Top comments
Thank you for sharing this. Was not knowing about silent layoffs happening. But one interesting thing I hav...
Name the organizations, it will be helpful
Don't you think that somebody did the layoffs at their company that's why now everybody thinks they need to do layoff...
Bangalore22mo
by DerpyMuffinSoftware Developer
Meesho started layoffs !!!!
There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.
Office Gossip14mo
by QuirkyMarshmallowSystems Architect
Another Mass Layoff on the cards...
Hearing another mass layoffs on the cards at a fintech startup that is into lending, insurance and mutual funds in Bengaluru, which had laid off about 20% in June last year !