Amidst economic downturn & layoffs, for people that are still working in different job roles in companies, there should be some conviction that is holding you on making you think you’ll pull off this period unaffected. What’s that conviction all about? Comment.
Our company said since they are growing in India market and want to grow team in India (because of cheap labour), they will not layoff but hire 150 employees by end of year. They laid off employees in other countries not India
Till would say 5-10% worried
Sounds very similar to Abnormal securities
Any idea how much they are offering for sde 2 roles ?
If you’re working in a POD which is directly brining revenue to the company, your chances are quite high that you will stay at the company. In the current scenario, for FinTech, if you’re in lending POD, no matter product, marketing or engineering, you will not be laid off, until and unless your particular features or work is not able to get ample growth in terms of revenue to the company.
Let’s say you are working on onboarding of users for new loan journey. The higher you convert those, less are your chances to get laid off since you’re directly impacting the revenue numbers by optimising the funnel.
This is just an example for FinTech startups. For EdTech, if you’re able to bring more revenue via NUA or renewals, or able to reduce churn thereby impacting revenue numbers, you will be staying in the company.
If you’re anyone who is working on experimental features, you are high likely to get laid off.
At the end of the day, almost everyone is expendable. :)
The technical temperament of rest of the employees in my team
How can we be layoff proof even companies like Citi , Barclays , google are firing people
Your company just laid off 30-40% of employees. Why would you wanna work there and not immediately start looking for another job?
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