Rant on the layoffs

Blame the FED and 0% interest rate era, you could borrow forever and expand infinitely.

Music stopped, party is over, most of the companies are having a hangover rn, some are puking and the worst thing is no more free alcohol

While I don’t support what’s happening in the industry, there are definitely layers to it

Structurally startups are funded to grow at supernormal rates, and as a function of it hiring will always be sudden and can later lead to over capacity. Founders hire for the positive future they imagine, and sometimes that falls short.

That said, in India it’s clearly extremely irresponsible and has crossed the above limits.

When I join a startup, I know that I don’t have the most secure job, but I also want empathetic and sensible leadership.

Congratulations you've discovered capitalism

The cycle is indeed frustrating. But how is it possible for a company to not hire according to it?

If salaries are increasing because the supply of engineers is low, no company can pretend to live like it's 2005 and pay engineers just 2 LPA.

If you’re looking for a short answer, it comes from the CFOs. Now you know

Humans when they discover capitalism

This is nothing what we have witnessed... Ask people who saw 2001 and 2008...every day that you go to your office can be your last....everyday your startup can fold or your business unit dissolved or project scrapped. Prospective brides in matrimonial sites would reject Software Engineers (No joking)

The system is designed to go up or down in a exponential manner except going down is accelerated in time. When I mentioned about people compounding salaries are going to get your fired, I got a lot of abuse.

A lot of people think in a few month everything will be back to normal. Time to find out the truth. I will return the favor to my abusers in every channel, every thread

You are acting as if you are entitled to a job, you are not. I agree management gets fired last. But if you can create value and can do things, you'll always land better.

Tech salaries were very inflated. I have seen people switching with more than 100% hike with few months of work experience. It is getting corrected now.

I have friends who tried for Microsoft many times but got selected in 2021. They did in fact overhired.

OP, we didn't hear you complaining when you were getting inflated salaries from these same startups 🤷‍♂️

And VC funded startups by nature are high-growth-or-bust, rapid-hire-rapid-fire financial instruments. You were given a much higher than market salary to help in that growth. Since it didn't happen, you're fired. It's the game homie.