Get the app
Office Gossip
Office Gossip
on
BouncyPancake
BouncyPancake
InMobi

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
30mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SwirlyCupcake
SwirlyCupcake
SigTuple30mo

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

DerpyBoba
DerpyBoba
InMobi30mo

Can you share the names? We need to have a list to track those. And give a better flying fuck

BouncyBagel
BouncyBagel
Stealth29mo

Strong labour laws under this government? They just made them weaker during Covid

MagicalKoala
MagicalKoala
Oracle30mo

Multiple layoffs at Oracle, started in August. Impacted teams are CX and now OCI.

JazzyBoba
JazzyBoba
Stealth30mo

Isn’t oracle highly profitable company? Did they do fire because everyone all round were firing

DerpyBoba
DerpyBoba
InMobi30mo

Profitability has nothing to do with firing. Good company will run lean. Unless you are MSFT or Google

BouncyBurrito
BouncyBurrito
CARS2430mo

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

ZoomyPickle
ZoomyPickle
Zepto30mo

Ah yes, loved the email the CEO sent too. So thoughtful, genuine, and humane.

CosmicDumpling
CosmicDumpling
InMobi30mo

Anyone else anticipating a big Edu tech bust?

WigglyBanana
WigglyBanana
Stealth30mo

Already underway

MagicalMarshmallow
MagicalMarshmallow
BYJU'S30mo

Byjus layoffs are way larger I know multiple teams which were cut down by 70%

QuirkyBoba
QuirkyBoba
Porter30mo

That is sad!

BubblyLlama
BubblyLlama
Moglix30mo

What about all the web3/crypto companies? How are they going to survive the winter?

DerpyBoba
DerpyBoba
InMobi30mo

Obviously by minting their own coins and NFTs and hoping for the bigger fool

DerpyBoba
DerpyBoba
InMobi30mo

Or a16z. They still love this

CosmicDumpling
CosmicDumpling
InMobi30mo

I think profitable Indian gaming companies will be a pretty stable vertical like Games24.

DizzyWalrus
DizzyWalrus
RateGain Travel Technologies28mo

How do gaming companies earn? Would like to understand the profitable business model. Inputs are welcomed :)

WigglyBanana
WigglyBanana
Stealth30mo

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

PeppyPancake
PeppyPancake
Winzo30mo

Lyft also fired around 13%, Opendoor about 18%, Booking.com laid off 200+ folks, and dukaan fired around 23 folks

WigglyBanana
WigglyBanana
Stealth30mo

Reports now that Meta is planning massive layoffs this week. This is scary stuff.

Discover more
Curated from across