GroovyNoodle
GroovyNoodle

Layoff to "Achieve Profitability"

I mean I get the layoff predicament, but wtf is this news headline?

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22mo ago
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JumpyUnicorn
JumpyUnicorn
Loco22mo

Good they are saying the truth directly than beating around the bush like due to market condition or performance etc..

GroovyNoodle
GroovyNoodle

But it's not employees and their salaries which are eating up the profits

JumpyUnicorn
JumpyUnicorn
Loco22mo

Correct, but at the end scapegoat is employees.

GoofyBoba
GoofyBoba

1980: sacked 1990s: layoffs 2000s: downsizing 2010s: rationalising 2020s: rightsizing.

What’s next?

SqueakyMuffin
SqueakyMuffin
Zomato22mo

XX employees (primarily tech, hr) contributed towards adjusting ebidta in the latest round of adjustments.

GoofyWaffle
GoofyWaffle

Strategy, PMs weren't laid off? Are business people more valued?

(Genuinely asking)

BubblyRaccoon
BubblyRaccoon
Myntra22mo

Every company is doing the same.

GroovyNoodle
GroovyNoodle

Agreed, I'm questioning the way the headline has been phrased

WigglySushi
WigglySushi
Student22mo

Whotf is using crypto 🙂?

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by ZestyQuokkaQuantiphi

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Extremely sad. Labelling laid off folks as underperformers in public. Getting hired in this market would be a huge challenge for them now.

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Layoffs
by JazzyPretzelSoftware Developer

Layoffs were a total failure at changing anything

I don’t understand what the point really was

  • companies with a bad product are still struggling
  • companies with a good product are still growing
  • rent in Bangalore, Mumbai is still sky high
  • salaries are still high, people a...