BouncyPancake

Mega Thread- All tech layoffs so far

BouncyPancake · 2022-11-04T13:47:40.590733+05:30

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

Layoffs:

Global

Stripe 14%
Opendoor 18%
Twitter 50%
Delivery hero
Chime 12%

India

Udaan (tranches)
Chargebee 10%
Byjus 5%

Hiring freeze:

Apple
Amazon

25mo ago

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SwirlyCupcake

SigTuple25mo

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

DerpyBoba

InMobi25mo

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

BouncyBagel

Stealth24mo

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

MagicalKoala

Oracle25mo

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

JazzyBoba

Stealth25mo

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

DerpyBoba

InMobi25mo

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

BouncyBurrito

CARS2425mo

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