SillyMochi
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

20mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SillyDonut
SillyDonut
TCS20mo

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

DerpyMarshmallow
DerpyMarshmallow

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
ZestyDonut

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

SillyMochi
SillyMochi

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

ZestyDonut
ZestyDonut

Possible chance of this for sure.

QuirkyWalrus
QuirkyWalrus

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
SillyMochi

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
FluffyWaffle
Lowe's20mo

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

FluffyPanda
FluffyPanda
Swiggy20mo

Second that!

Discover more
Curated from across