42,000 employees laid off in FY24 in Reliance
This is for all those people who shit on startup’s for layoffs saying big companies like Tata, reliance run their businesses better without layoff.
DerpyBoba
Reliance industries Laid off 42,000 employee
Job market is brutal in all industries
4mo ago38K38K views
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DerpyPotato
Stealth4mo
Reflects what happened in 2024. It wasn't just startups. But I think it is behind us now, haven't heard of a major layoff in 2 months
Whereas last year it would be 1 ever 1-2 weeks
SquishyBiscuit
Microsoft4mo
Last yr it was in relatively less in count per layoff. This year it is mass layoffs
MagicalTaco
Funny to see someone in VC saying this. Just wait for this year second half and the next
BouncyCupcake
Stealth4mo
Vishwaguru government had cut the corporate tax saying they will create jobs. The reality is that now salaried class pays more tax than corporates and lives in fear of losing ones job. Crony capitalists are just sucking blood of Indians.
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Layoffs19mo
Layoff in Reliance Retail
There is big layoff 50% in reliance retail - jiomart B2B business.
Reasons Very poor management, aggressive hiring, creating business that does not exist, downfall of business.
Compensation -
Asked people to resign & said to s...
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 comment
(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell ...