Layoffs
on
SquishyBiscuit
Now even Banks aren't able to escape Layoffs
JP Morgan lays off 1000+ employees at Newly acquired First Republic Bank
22mo ago
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DerpyMarshmallow
Stealth22mo
Layoffs are not good for anyone but do any of think JPMC needs to cut it's Indian workforce a bit? Basically 2021, 2022 and 2023 have seen a good chunk of way too less skilled freshers also becoming a part of the workforce through the controversial Campus Hiring procedure. It was a part of their hiring strategy to fill their newly built Bangalore and Hyderabad offices.
SquishyBiscuit
Microsoft22mo
Yes, you noticed it right, there has been mass hiring through their campus hiring program
DerpyMarshmallow
Stealth22mo
Mass hiring isn't wrong if they can be productive. However a good chunk of those hires weren't even skilled. A large portion of luck involved and them being good enough to fake it till you make it
PerkyLlama
Stealth22mo
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Layoffs22mo
by QuirkyDumplingQuantitative Research
Any updates about jpmc layoffs in India?
News of jpmc doing layoffs after Morgan Stanley last week is out. Wanted to know if any teams, departments or employees in India, Mumbai and Bangalore are affected? If anyone has any info, please share.
Layoffs23mo
by CosmicMochiAnalytics Manager
Tech has failed to be a good employer; Layoffs are just one example
The economy went down? Yes. Did it affect all kinds of companies? Yes
Did the banks fire any one? No Did the Railways fire anyone? No Did the media agencies fire anyone? No
Did Large Tech companies and IT fire people? Absolute...
Top comments
Not the way it works. It's a function of how fast an industry grows -> The faster it is, the more you have to hire i...
Looks like people have taken offense to this post and want to continue to protect their tech overlords