Recently, the majority of people at managerial positions were let go. Even the top performers at different levels were asked to leave, just before the appraisals are about to happen.
Hope you are safe. Could you pls provide more context like consultants are also getting fired specially in Energy domain?
People from mid and top management (with fat paycheques) across org laid off on friday & today. About 100-120 people affected.
Source: Heard from a friend. + mentioned in the Cross org emails by mukesh
Felt it was too expensive. The novelty factor gone, fundamentals caught up.
But they are profitable then why this layoffs
Inke margin k chakkar me employees ki dal roti band ho Jani h bc
Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.
Which company do you work in and what is the situation of secret layoff (suddenly team members slack/teams account getting deactivated) or PIP at your company?