Accenture India Layoffs
Heard this morning from a friend who works at Accenture India, layoffs have begin once more. He said he is not sure if this is part of the 19000 that was announced during the earnings call.
Layoffs
on
BouncyPretzel
Layoffs a big deal? Positive side of layoffs
I don't know why everyone is making a big deal out of layoffs. Even the ones who laid off are not that concerned than the ones who comment.
Laid off employees literally get free money upwards of 10 lakhs in many cases of senior developers who are laid off from top tech startups. Companies pay severance equal to 3-6 months salary of laid off employees. Some even offer other benefits as well.
I personally know a couple of Devs who got around ~9-10L in severance pay. So, yeah if there are layoffs happening in funded tech startups or leading tech companies, considering their pay range, laid off employees get handsome severance pay including employee benefits
12mo ago
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WigglyRaccoon
Google12mo
Hope you get laid-off & get a good severance package! Will see how your job search goes.
SquishyLlama
Stealth12mo
got laid off in August received severance equivalent to 2020's salary (7 digits) got a new job in a 40 days time (in this market) with a generous joining bonus
ZestyQuokka
Stealth12mo
Not all companies provide severance. Especially in India, you are considered lucky to receive your FNF
Tbh this is such a elitist way of viewing things
SquishyLlama
Stealth12mo
@BiryaniEnthu yep , i remember during peak 2nd wave of covid I had to go through a lot of hassle to get my FnF , though what i see now that majority of the companies are doing this in time or keeping the employees in loop because they are afraid of twitter posts and linkedin vomits to some point.
And severance toh is bot bound by law here, lot of malpractices happen too , incompetent managers settle scores , PIP induced layoff , Deceitful C level executives
have seen that all , but sometimes things balance itself I have seen asshole managers , and worked under managers who bring 200% best out of you
SquishyNugget
Stealth12mo
Companies are having pip and forcing employees to resign on their own so as not to pay severance package. I am aware of few companies who did that.
SleepyPickle
Stealth12mo
Got laid off (asked to resign) as the company couldn't raise and I'm the one with the highest pay check there. Got another offer in exactly 1 month with good hike and in a domain which i would have offered to work for free. And if I'm given a choice now I would still not choose getting laid off. May be because it's my first time but getting laid off sucks. More than the loss of employment and despite long resigning to the fact that we are all replaceable, I'm yet to get over the fact that I was the one who got laid off among my peers. I don't want to be at the mercy of another company again so began my startup on the side, recruited some freshers with money from my own salary and driving it on the side. It has been 3 months since I'm laid off and we are about to get our first paying client while I joined the new company. All in all a big kick on the butt for my motivation to take off but I would still not pick getting laid off.
WobblyPancake
Health Startup12mo
What are u working on ?
SleepyPickle
Stealth12mo
Something in ecommerce space.
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Meesho started layoffs !!!!
There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.
Job Market right now in India?
I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way?
If it's really bad, which department you think is the most affecte...
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It is really bad right now 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big ...
I received one job offer
See generally tech team salary is highly inflated so they are severely affected in cost cutting.