Mega Thread- All tech layoffs so far
Layoffs:
Global
- Stripe 14%
- Opendoor 18%
- Twitter 50%
- Delivery hero
- Chime 12%
India
- Udaan (tranches)
- Chargebee 10%
- Byjus 5%
Hiring freeze:
- Apple
- Amazon
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑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.
Byjus layoffs are way larger I know multiple teams which were cut down by 70%
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.