The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week
One of the companies in which my friend ...
I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid. To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later,...
Can relate op I got laid off twice last year. Got trauma because of that 💀. More power to you
There had been a bloodbath at Hero Vired. Most of the Bengaluru office has been laid off. All this was done very suddenly. They are now hiring in New Delhi. Stay away from this company, its a pack of cards waiting to fall.
Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.
Tata nexarc asked 20% of its employees to leave organisation in next 90 days. They have been informed that their resume has been floated to other TATA group companies