SillyMochi

Fresh round of layoffs to happen

There are rumours that fresh rounds of layoffs were to happen in next two weeks. Here is my take on the layoff spree.

High inflation, low jobs, less on spending, economic meltdown for IT employees, impact on IT cities like Bengaluru, Hyderabad, Pune, Mumbai, Chennai.

Less spending on equity, mutual funds, real estate(premium villas, apartments). Chances of housing loan defaults, NPA on raise and the recession crisis. This will go for next 6 months. So, stay where ever you are. Don’t change jobs in this market

21mo ago

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SillyDonut

TCS21mo

Bc 1 controlled recession bnta h for real estate...matlab kuch v mang re ajkl flat sale ya rent k lie

DerpyMarshmallow

Stealth21mo

Here I am currently at the worst possible company ever and the market deteriorates even more.

"Hell is empty and all the devils are here." - William Shakespeare

ZestyDonut

Stealth21mo

I see few companies are back with hiring spree? Any thoughts on this?

SillyMochi

Stealth21mo

Dynamics might change! It’s very dicey. Last in first out?

ZestyDonut

Stealth21mo

Possible chance of this for sure.

QuirkyWalrus

Stealth21mo

What the unbacked trail of statement is this? I mean you are a founder, you'd want your employees to think that way ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

SillyMochi

Stealth21mo

It’s a warning for other my boy, it’s realistic what is going to happen. You can continue to be in denial on what others might think. But fact is a fact. That’s why straight arrow gets lot of hate and straight arrow are generally fearless to speak their mind. If you like it consume it, else discard it. No compulsion. Chill out ✌️

FluffyWaffle

Lowe's21mo

But I see many companies hiring specially 3+ year experience. Saw nutanix , Salesforce, seimens hiring .

FluffyPanda

Swiggy21mo

Second that!

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Curated from across

Layoffs18mo

by BouncyUnicornBetterplace

How is there no correlation to layoffs and Real Estate?

We've witnessed so many layoffs in the past year and this continues to be an upward trend. Bangalore is a city of IT professionals and these layoffs seem to have no effect on the real estate. Is this because the numbers are negligent? ...

Top comments

There is a lag effect, give it a few months and you will see rents and prices not increasing anymore

Because every downturn has an epicenter. Usually it's Real Estate because excesses easily pop up there. But this...

Dont forget that old money bangalore ( that includes the reddy bros + mallu bros + gowdas/plantations bros) are keenl...

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by BubblyNoodleSociété Générale

Mass layoffs incoming in IT?

Recession fears, AI disruption - hearing rumors of major layoffs in IT cos by end 2025. 10-15% workforce cut. Anyone have insider info? Which skills are safe?

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by BouncyTacoAnalyst

Layoffs

What u guys think will there be mass layoffs in Indian IT in coming days??

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by JazzyDumplingSoftware Developer

Job Market right now in India?

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way?

If it's really bad, which department you think is the most affecte...