I have recently got laid off from one of the Fintech firms. They have been silently letting off people since last year but the no. Of employees let go have been higher in the past 2-3 months. They have downsized by more than 100 people in the last 8-10 months to avoid PR disaster. Not naming the company but just wanted to know if this is right way to do it both from employee and employer perspective.
Maybe employees are getting something in return to stay silent. It's a win for employers for sure. Anything to avoid bad PR!
Nope. The usual 2-3 months garden leave with pay. That’s it. But this being done in a stager red manner haven’t raised eyes.
From an employee and culture standpoint phased lay offs crush morale. talent is always on the look out for a new role and in general those that stay behind is because they are unable to find a good role and not because they are good.
BNPL is dead! (buy now pay later)
Finastra (Company in BFSI/Fintech space, deals with PG solutions) is conducting silent layoffs. Be careful before joining this company
Work culture has become ultra toxic. Managers have started nano managing and literally are a pain in the ass. Product giving unrealistic timelines and leadership agreeing on the same without even consulting the developers and even if the...
This is all trickling down from the Leadership, they are trying to cut down costs by any means. Already had one round...
I was recently asked to resign/layoff along with 40% of the engg and product function at the org with 1 month pay. I have 1 yr in Fintech Product M and 3 years in Travel tech.
How the hiring situation like right now? Anyone currently lo...
Shadowfax laid of approx. 100 employees in December and January combined. 10-15 % of folks were from senior roles. I would call it a smart layoff.
