Office Gossip Community

by tomato

2 years ago

Mega Thread- All tech layoffs so far

Layoffs: Global - Stripe 14% - Opendoor 18% - Twitter 50% - Delivery hero - Chime 12% India - Udaan (tranches) - Chargebee 10% - Byjus 5% Hiring freeze: - Apple - Amazon

randomjocke

Porter

2 years ago

Heard from a friend that udaan laid off half of the staff

DrProduct

Amazon

2 years ago

TBH Amazon looks strong right now but unfortunately the hiring freeze needs to be put in place to show better profitability. Just the reality of the market.

Hushpuppy

Winzo

2 years ago

Lyft also fired around 13%, Opendoor about 18%, Booking.com laid off 200+ folks, and dukaan fired around 23 folks

Assusa

CARS24

2 years ago

If you are going to fire people any way, you should do it the way Stripe did. Every employee who got fired got: - 14 weeks of severance pay, 2022 bonus in full, Unused PTO pay, 6 months' worth of healthcare, Expedited RSU vesting, Career support

saasyqwn

Stealth

2 years ago

Ah yes, loved the email the CEO sent too. So thoughtful, genuine, and humane.

Neo69

InMobi

2 years ago

I think profitable Indian gaming companies will be a pretty stable vertical like Games24.

Chatgpt

RateGain Travel Technologies Limited

2 years ago

How do gaming companies earn? Would like to understand the profitable business model. Inputs are welcomed :)

Neo69

InMobi

2 years ago

Anyone else anticipating a big Edu tech bust?

AlphaGrindset

Series A Startup

2 years ago

Already underway

AlphaGrindset

Series A Startup

2 years ago

Twitter 50% seems extremely crazy. There's no way they have done this in a well planned way so soon under the new regime! Will share more

Schmutz

Moglix

2 years ago

What about all the web3/crypto companies? How are they going to survive the winter?

Doofus

InMobi

2 years ago

Obviously by minting their own coins and NFTs and hoping for the bigger fool

Doofus

InMobi

2 years ago

Or a16z. They still love this

Parabola

Sigtuple

2 years ago

100s of not so famous startups from Blr, NCR, and Mumbai have shut shops. No one is even talking about it. And the severance in such companies is next to NIL. We need strong labor laws

Doofus

InMobi

2 years ago

Can you share the names? We need to have a list to track those. And give a better flying fuck

Mowgli

Stealth

2 years ago

Strong labour laws under this government? They just made them weaker during Covid

cloud

Oracle

2 years ago

Multiple layoffs at Oracle, started in August. Impacted teams are CX and now OCI.

mjDev

Stealth

2 years ago

Isn’t oracle highly profitable company? Did they do fire because everyone all round were firing

Doofus

InMobi

2 years ago

Profitability has nothing to do with firing. Good company will run lean. Unless you are MSFT or Google

Buttwiser

Johnson & Johnson

2 years ago

Small startups are hiring people with high ctc and terminating the contract after couple of months once the project is over! High ctc attracts talent but they are playing a game with people!

Mar_Mav

BYJU'S

2 years ago

Byjus layoffs are way larger I know multiple teams which were cut down by 70%

randomjocke

Porter

2 years ago

That is sad!

AlphaGrindset

Series A Startup

2 years ago

Reports now that Meta is planning massive layoffs this week. This is scary stuff.

IseeDarknessInLight

Tao

2 years ago

Even unacademy laid 10% off.

FinTech_AdGuy

Student

2 years ago

All companies laying off can now just say Elon did it and it was cool so we will also do it.

SonyTark

Stealth

2 years ago

Browserstack laid off 5% of their staff

Lazy

Freelancer

2 years ago

layoffs.fyi

spez

Zomato

2 years ago

Zomato laid off about 100 folks last month including folks in tech.

Doctorstrange

Stealth

2 years ago

Delivery hero impact was around 100 folks only.

Lazyfrog007

Freelancer

2 years ago

Hiring freeze: Walmart

Discover More

Curated from across

Layoffs on

by Shilpi57

EY

2 years ago

List of companies laying off employees in India

Can we please share the companies which are laying off and kind of roles laid off? 1. Goldman Sachs -Consumer Banking 2. Twitter -Marketing If you have any other companies also please post in comments

News Discussion on

by Noctus

Stealth

8 months ago

Companies that have laid off so far

- Discord - Google - Beam Benefits - Amazon - X - Twitch - Humane - Unity - Cloudflare (unannounced layoffs, shared by ex-CF folks on LinkedIn, Tiktok) - Duolingo

Indian Startups on

by Silverfox

Seed Stage Startup

5 months ago

Which companies are laying off people now?

Some companies I heard of, Airmeet Inmobi Simplilearn Spotdraft

Layoffs on

by ImpishGnat50

Stealth

2 years ago

Massive layoffs

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 le...

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

Layoffs on

by Holyshit

Stealth

a year ago

One more round of layoffs at a Chennai based saas startup

10% of employees were let go

Layoffs on

by StartupStealth

Stealth

10 months ago

More Layoffs have started

Amazon Microsoft, Google, etc. All layying off people. They just started sending emails today morning for US/Canada. India/EU would be sent next week so we dont know the exact numbers yet. Same information going on Blind, hundreds of Amazon employees laid off in the morning.