Indian unicorn companies these days are doing forced PIPs to remove folks who are a high salary as per last year or have conflicts and all. Employee benefits being reduced left right and center. Environment has become toxic. This is being done for IPO. Watch out guys.
Have offers from phonepe and super money (flipkart) any suggestions which to join? Phonepe is paying way more if I consider their stocks (buybacks)
Yesterday I applied to Phonepe. Thanks for letting us know.
There is absolutely no scene of forced PIPs in phonepe. It is happening with dead weight employees who are not worth the salary they are paid. My flatmates are in phonepe and it’s true that few benefits have been reduced but 2 of them both in different teams have not seen any cases of forced PIPs. If your performance is not good, it isn’t a forced PIP.
Have few friends in Swiggy (Strategy, Prog Mgr roles) - didn't hear any such stuff. Workload has increased, yes. But forced PIPs - not sure. Maybe they are simply offloading sh#t on the devs and screwing them over. Sad stuff if that's the case
Damn 🫤
Scary reads. Bank job feels better now. Thanks for sharing folks
Salaries will go down like crazy in 2024. The tech bubble is bursting
PIP on the raise at Swiggy, saw couple of post with good fellas leaving. can someone confirm or deny this fact that PIP is used a weapon to downsize the teams in order to show profit for upcoming IPO next year?
Anyone know if others are also facing the same?
Has this happened recently? Won’t be surprised if this is true. With the way leadership has been behaving recently, a...
Heard that Paytm is planning to layoff 10% of entire work force. Across all levels.
Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation.
And the layoffs will be h...
Actually, these are not layoffs. They recently changed their PIP policy and set a " at least 10%" quota for compulsor...
