tomato
tomato
InMobi

Mega Thread- All tech layoffs so far

Layoffs:

Global

  • Stripe 14%
  • Opendoor 18%
  • Twitter 50%
  • Delivery hero
  • Chime 12%

India

  • Udaan (tranches)
  • Chargebee 10%
  • Byjus 5%

Hiring freeze:

  • Apple
  • Amazon
24mo ago
Parabola
Parabola
Sigtuple24mo

100s of not so famous startups from Blr, NCR, and Mumbai have shut shops. No one is even talking about it. And the severance in such companies is next to NIL. We need strong labor laws

Doofus
Doofus
InMobi24mo

Can you share the names? We need to have a list to track those. And give a better flying fuck

Mowgli
Mowgli
Stealth23mo

Strong labour laws under this government? They just made them weaker during Covid

cloud
cloud
Oracle24mo

Multiple layoffs at Oracle, started in August. Impacted teams are CX and now OCI.

mjDev
mjDev
Stealth24mo

Isn’t oracle highly profitable company? Did they do fire because everyone all round were firing

Doofus
Doofus
InMobi24mo

Profitability has nothing to do with firing. Good company will run lean. Unless you are MSFT or Google

Assusa
Assusa
CARS2424mo

If you are going to fire people any way, you should do it the way Stripe did. Every employee who got fired got: - 14 weeks of severance pay, 2022 bonus in full, Unused PTO pay, 6 months' worth of healthcare, Expedited RSU vesting, Career support

Saasyqwn
Saasyqwn
Stealth24mo

Ah yes, loved the email the CEO sent too. So thoughtful, genuine, and humane.

Neo69
Neo69
InMobi24mo

Anyone else anticipating a big Edu tech bust?

AlphaGrindset
AlphaGrindset
Series A Startup24mo

Already underway

Mar_Mav
Mar_Mav
BYJU'S24mo

Byjus layoffs are way larger I know multiple teams which were cut down by 70%

randomjocke
randomjocke
Porter24mo

That is sad!

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