There are rumours that fresh rounds of layoffs were to happen in next two weeks. Here is my take on the layoff spree.
High inflation, low jobs, less on spending, economic meltdown for IT employees, impact on IT cities like Bengaluru, Hyderabad, Pune, Mumbai, Chennai.
Less spending on equity, mutual funds, real estate(premium villas, apartments). Chances of housing loan defaults, NPA on raise and the recession crisis. This will go for next 6 months. So, stay where ever you are. Don’t change jobs in this market
Bc 1 controlled recession bnta h for real estate...matlab kuch v mang re ajkl flat sale ya rent k lie
Here I am currently at the worst possible company ever and the market deteriorates even more.
"Hell is empty and all the devils are here." - William Shakespeare
What the unbacked trail of statement is this? I mean you are a founder, you'd want your employees to think that way ¯\_(ツ)_/¯
It’s a warning for other my boy, it’s realistic what is going to happen. You can continue to be in denial on what others might think. But fact is a fact. That’s why straight arrow gets lot of hate and straight arrow are generally fearless to speak their mind. If you like it consume it, else discard it. No compulsion. Chill out ✌️
But I see many companies hiring specially 3+ year experience. Saw nutanix , Salesforce, seimens hiring .
We've witnessed so many layoffs in the past year and this continues to be an upward trend. Bangalore is a city of IT professionals and these layoffs seem to have no effect on the real estate. Is this because the numbers are negligent? ...
There is a lag effect, give it a few months and you will see rents and prices not increasing anymore
Microsoft layoffs Guys, know anything about Microsoft layoffs in India ? Friends there said they apparently layoff ppl in news, engineering roles
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 !
With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly h...
