Layoffs:
Global
India
Hiring freeze:
100s of not so famous startups from Blr, NCR, and Mumbai have shut shops. No one is even talking about it. And the severance in such companies is next to NIL. We need strong labor laws
Multiple layoffs at Oracle, started in August. Impacted teams are CX and now OCI.
If you are going to fire people any way, you should do it the way Stripe did. Every employee who got fired got: - 14 weeks of severance pay, 2022 bonus in full, Unused PTO pay, 6 months' worth of healthcare, Expedited RSU vesting, Career support
Ah yes, loved the email the CEO sent too. So thoughtful, genuine, and humane.
I think profitable Indian gaming companies will be a pretty stable vertical like Games24.
How do gaming companies earn? Would like to understand the profitable business model. Inputs are welcomed :)
Twitter 50% seems extremely crazy. There's no way they have done this in a well planned way so soon under the new regime!
Will share more
Lyft also fired around 13%, Opendoor about 18%, Booking.com laid off 200+ folks, and dukaan fired around 23 folks
Reports now that Meta is planning massive layoffs this week. This is scary stuff.
Can we please share the companies which are laying off and kind of roles laid off?
tl;dr
I have been hearing from multiple friends across organizations in India. Lay offs are not in news but happening silently across boards. Companies are on cost cutting mode. Interesting year ahead
Thank you for sharing this. Was not knowing about silent layoffs happening. But one interesting thing I hav...
Name the organizations, it will be helpful
Don't you think that somebody did the layoffs at their company that's why now everybody thinks they need to do layoff...
