by CosmicDonutData Scientist
Layoff proof
How can we be layoff proof even companies like Citi , Barclays , google are firing people
Layoffs
on
DerpyMuffin
Is there a pattern in layoffs
Employees who are top performers are laid off. Employees who are in a firm for a long time are laid off. Employees who are freshers are laid off. Employees from IIMs/IITs are laid off. Employees who work just to get the job done are laid off. Seniors are laid off. Juniors are laid off Hard working employees who get good ratings and give extra hours are laid off. Bad peforming ones are obviously laid off.
Is there anyone who is safe. It's just at the mercy of few decision makers at the top and no matter what you do you will never be safe.
Now I understand why parents say that government job is better.
14mo ago
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9 min AI interview5 questions
FluffyCupcake
Amazon14mo
No, govt jobs aren’t better.
It all depends on an individual choice.
DerpyMuffin
Stealth14mo
But at least you will get job security. And now after 7th pay commission, pay is also good there. The only con is transfer and posting at rural locations.
FluffyCupcake
Amazon14mo
Job security - Tech cycles are temporary & narrow. We saw similar pain in 2008-09 but after that for many years it was a boom cycle. I have many examples where people in govt jobs work in abusive environments just because of this mental bloc. People do leave coveted govt jobs as well.
Compensation - If you are in tech and top 20% percentile, you can make money in 10 years which you can make in a 40 yrs of govt job.
Availability- so many waste so many productive years just to get that job, worst is if you are from non-reserved categories
Tech jobs - As most of the junta here comes from tech background, tell me a single govt job which gives u chance to explore, build and deliver. I know some people will come up with ISRO, anything apart from that??
SleepyMuffin
Stealth14mo
Pattern is all the fat salaried ones get laid off first..that the first step that saves cash flow in any firm that shows immediate results.
DerpyMuffin
Stealth14mo
And what do u consider fat salary? It will be very subjective. 30-40 Lacs in Google might not be a fat salary But in a service based firm that's what leadership people earn.
SleepyMuffin
Stealth14mo
Fat salary depends on cash flow and runway that firm has! Or depends on profits promised to the management.. it's all relative
FloatingBoba
Apertum Online14mo
Be in the main revenue generating business unit of a company with growing cash flow. You should be relatively safe.
DerpyMuffin
Stealth14mo
But sometimes u can't choose the BU u want to be part of.
For example after college placements, students are alloted BUs based on availablity. Roles such as HR, PM are always cost center and not revenue center. When the product is in the build phase PMs are quite necessary. But once the product is built you don't need that many PMs.
CosmicLlama
Freelancer14mo
The person who's layoff will have the least impact on the ongoing projects is fired first.
Every project is given a target based on its % contribution to overall revenue. More firing happen in projects that contribute the least revenue.
Senior, junior, performer, non performer is not the criteria.
DerpyQuokka
EY14mo
Everyone is vulnerable, those who perform or not perform doesn’t matter. All that matters to management is if they can save money by firing talent during recession, they will. Because in a country like India, there is no dearth for people willing to work for less salary. And when market resumes back in good shape, companies can always hire back good talent with decent enough packages. This a cycle and we are a part of this hire and fire game. That’s it, keep it simple and for an employee’s salary, don’t take stress of a CEO.
DerpyMuffin
Stealth14mo
Yes thats 100% correct.
BouncyCoconut
Stealth14mo
One pattern I have seen is that the ones who speak up against the leadership. They are almost always the first ones to go during layoffs.
ZoomyLlama
Angel One14mo
Total Compensation vs Critical Dependencies is the key pattern on all layoffs
JazzyBanana
Stealth14mo
Employees who have relatively high salary are laid off generally
SwirlyTaco
PayTM14mo
You have to break the by cases. You won't be able to find a pattern by looking at aggregate numbers. Atleast one thing that's common is that anyone with a fat salary (higher than market average or not worth the outcome) will be laid off first.
A startup whose BU had to be shut down might see layoffs across all salary brackets, roles, background, etc.
While another startup who is running low on cash might lay off only the high salaried individuals and try to squeeze the same level of output from cheaper employees
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