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Layoffs
Layoffs
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QuirkyNugget
QuirkyNugget
Deloitte

Layoffs everywhere?

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 hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

8mo ago
CosmicLlama
CosmicLlama
Freelancer8mo

Are those layoffs happening in India?.. ground realities appear different. Other than those inflated startups where r the layoffs?..

QuirkyNugget
QuirkyNugget
Deloitte8mo

yes these are statistics from India

CosmicLlama
CosmicLlama
Freelancer8mo

If layoffs are happening ina decent scale, the first place to show up is rentals. Renta are showing no sign of reducing. Infact it's going up. People are willing to pay it.

CosmicDumpling
CosmicDumpling
Stealth8mo

Have your own business. Stay secure.

QuirkyNugget
QuirkyNugget
Deloitte8mo

if that were an option, why would I even ask this question lol

SqueakyKoala
SqueakyKoala
Stealth8mo

Businesses are always more risky and failure rate than job. Especially first gen business. People just look at few successful businesses but fail to see 99% others that failed which aren’t there in the news.

ZoomyLlama
ZoomyLlama
Student8mo

Software industry to crash miserably

JumpyMochi
JumpyMochi
PhonePe8mo

When usa decreases their interest rates

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Curated from across
Software Engineers
Software Engineers16mo
by ZoomyMochiSoftware Engineer

LinkedIn Layoffs India

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

Top comments
user

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell ...

user

It makes sense for company to layoff overpaid employees & hire similar skilled employee at lower salary.. Isn't it?

user

With every passing day I feel career in tech is no longer sustainable for future

News Discussion
News Discussion10mo
by WigglyBananaCorporate Strategist

What happens to those 1.5L students/professionals? Scares me everyday.

What does unemployment around you look like? Or if not around us, for people trying to come out of Tier 2/3 towns. These mass recruiters (behemoths like Capgmeni & Cognizant + TCS Infosys) are actually the gateway for many into a city li...

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Top comments
user

We probably will see an unprecedented economic divide in this country going forward if the unemployment rate stays th...

user

The new generation would rather be jobless than accept a job offer that pays 🥜🥜 (3 lpa). It is scary, but it also g...