FluffyCoconut
FluffyCoconut

Ola Electric Silent Layoffs

A good friend of mine who was hired in Ola Electric (on campus 2022) as SDE has been put up on the performance improvement plan / PIP.

Interesting part is that half of her team was laid off and remaining ones have been put up on PIP. Those on PIP are being asked to also pay for 3 months salary along with the joining bonus.

I don't think giving back 3 months salary and joining bonus is something she should accept? Like they're anyways ruining their career by putting them on PIP in first 10 months of their start of career?

24mo ago
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DizzyMochi
DizzyMochi

It's Layoffs are like the front axle of its electric scooter, comes off when you're not expecting it to be

FluffyCoconut
FluffyCoconut
KPMG24mo

Funny and sad at the same time 🥲

FluffyNugget
FluffyNugget
Plivo24mo

Wtf. New low for Ola

SleepyNugget
SleepyNugget
Amazon24mo

Damn why would anyone willingly give back 3 months of salary? This makes no sense. Sounds like a terrible situation

FluffyCoconut
FluffyCoconut
KPMG24mo

Exactly. It's just even more horrible for a fresher

ZoomyTaco
ZoomyTaco

This is illegal - consult a lawyer pls

SwirlyTaco
SwirlyTaco

Their CEO is one of the most evil person on Earth

DizzyDonut
DizzyDonut

I am not sure why would anyone even entertain Ola HRs anymore? They are clearly a horrible company to work for

TwirlyNarwhal
TwirlyNarwhal

Giving salary back?? Lmao ask her to lawyer up and sue the ipad scooter

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Bangalore
by BubblyJellybeanSoftware Developer

PIP then laid off, again laid off

I used to work in a start up in Bangalore, they overhired in 2022 and overpaid the freshers, more than the experienced engineers were getting paid. To fix this put 30% of workforce on pip, laid off 20% I was one of them. 2 months later,...

Top comments
user

Can relate op I got laid off twice last year. Got trauma because of that 💀. More power to you

user

In short, tough times don’t last, tough people do.

user

This is genuinely concerning. I hope this gets better.

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by GigglySushiFinance Operations

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by SqueakySushiStudent

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Software Engineers
by FloatingPretzelSoftware Developer

Razorpay is too smart!

The company did around 10-15% silent layoffs in the last cycle by putting people in PIP. My Manager told me that he has pressure on him to put at least 1 or 2 people in PIP, make them leave the company and reduce costs.

Later, the c...

Top comments
user

Good thing. Anyways their frontend devs and PMs were doing everything on Twitter except tech.

user

Smart move by Razor pay, that’s why I love them

user

Same for Swiggy. Cost cutting, no increments,hiring interns and temps instead of sdes