Wirpo joins the lay offs bandwagon.
90 days notice period required, non-compete agreements get signed but when they want to layoff..woosh! Pack your bag and F*** Off!
Why is so much blood-bath happening across all companies. These companies are growing at a good pace, why not they want to share that profit with the employees who build that things.
Indian IT firms revenue have actually stagnated/declined due to recession in USA(there major clients are usually from there).
Sapthinker
Stealth
8 months ago
Who cares about US, we are having 5 trillion dollar Amritkal super power status as per UNESCO
Qwerty2398
Stealth
8 months ago
If there is so much layoffs and negative expectations, why is nifty going up?. ..
Whatsinthename
Stealth
8 months ago
Layoffs = Less Salary cost = More profit. Investors love profit!
Most of these layoffs seem to be because of overhiring during Covid and due to AI.
Qwerty2398
Stealth
8 months ago
What you say is true. Investors love positive surprises. Yesterday's infy move is a proof.
But the overall economy impact is higher. Market prices the future. So nifty should fall at every rise. There should be commensurate negativity with every so called layoffs as overall economy should shrink. That is not happening. So either these layoffs expectations are fake. Or the layoffs are simply restricted to startup unicorns that occupy inordinate space in our media.
Meanwhile Microsoft who laid off 10k people mid year is now hiring again 😂😂
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