{ "media_type": "text", "post_content": "Advisory \n\nThe great resignation period is getting over. Due to global macro economic conditions, we’re under recession, inflation is all time high. many companies are starting hiring freeze(some even starring soft layoffs) , be extra careful when planning to join some startups, may not be a great time. How’re hiring in your organisation?", "post_id": "6283b221a32936002fcdaa00", "reply_count": 94, "vote_count": 81, "bowl_id": "5f8e54031d5b29001ab6d884", "bowl_name": "Referral and Opportunities", "feed_type": "bowl" }
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Advisory

The great resignation period is getting over. Due to global macro economic conditions, we’re under recession, inflation is all time high. many companies are starting hiring freeze(some even starring soft layoffs) , be extra careful when planning to join some startups, may not be a great time. How’re hiring in your organisation?

likehelpfulsmart
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Already have 2 offers from Amazon and Goldman Sachs, Still interviewing in Microsoft and Ninjacart. On notice period. Every day getting call from different companies offering 20 lpa base without negotiation. One of them even ready for around 30lpa base. I was laughing. I have around 10 months experience. This great resignation is anything but over.

likehelpfuluplifting

my my congratulations 🎉.

OP I mean agreed, but if you look at the past general trend.

Whenever there's a slowdown/Recession in US economy, India have always benefitted in the long run.

2000 -Gave birth to WITCH.
2008 - Unicorns and Other US based major companies opened IDC's in India.
2020 - Gave a huge bump to Indian Salaries.

Fingers crossed for this one.

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Recent IconRecent

Things have changed now. companies offering package as per experience and techstack. Most of the companies holding offer letter so that candidate would not able to get next counter offer more than they are offering. Senior managers rejecting salary approvals. I am facing the same issue having 6 offers but still companies not exceeding more than their budgets even after knowing I am a immediate joiner.

likeupliftingsmart

try in a company who has higher salary range. All the above companies are not high salary payers.

In my perspective this Trend May still continue for the next 6-12 months.. Overall the economies globally have already slowed down. As you have rightly mentioned, it’s very important to consider twice before joining budding startup’s.. Thanks to the author It was a good and insightful post

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Agreed. Trend will continue by this year end.

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Hiring is still in full swing, however dont join startups , riaky in current financial situation.

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Could you please refer me to PWC?

@OP , Bhai, tu kya post kar raha hai yaar yahan "referral" wale group me.. I don't mean to hurt anyone..
Don't take it otherwise, just maintain the decorum of the group.

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Dont fight guys shanti shanti om shanti..May peace be upon us.

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Epam has specific case as Russia, Belarus and Ukraine effect. They have more than 35k+ employees there. That's why they ramped up hiring in India.

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@ epam , can you please tell me how much epam can offer for AWS Cloud / Devops role with 3.6 YOE ?

Can we expect in between 22 - 26 lkh , if we have counter offer ?

I don't think so this will be happening anytime soon. Because looking at the current Indian IT sector there are companies who are hiring the people from India. Because of this remote working environment people are getting more opportunities than ever.

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It has already started, even Netflix and Meta has resorted to layoffs

Post Photo
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Don't know about offers , but if you have NP of 30 Days everybody want to interview

likefunny

Please DM me and we can discuss

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Some company hiring lot like citi , dell, epam anywhere, MasterCard, credit Suisse etc......

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What about Eli Lilly, thought its not a startup am expecting an offer. Should i join ?

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Author : they are already giving . There is 3 years of vesting period for that . You get stocks after 3 years of joining. Also they provide very good overall package

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I understand your concern and trying to help other
But great resignation is not going over soon.
If I talk about my company then hiring is slow down from last year.
And of course it will be in every organization, as in 2020 there was lots firing happen , then in 2021 government try to boost the economy by giving funds on low interest and another factor of slowing down is ongoing 🇷🇺 🇺🇦 war.

When this war situation will over then again hiring will increase.
Remote jobs from other countries also gives flexibility so people will try to switch again.
Pre covid situation still has to come. Country like Canada, Australia, UK has open visa for other countries again. So atleast in India it will create lots of vacant spots.

Looking temporary to me. Keep learning in meaningful. If anybody getting opportunities grap it.

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Historically speaking Recession/Unemployment is inversely proportional to inflation. You've mentioned otherwise.

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What about fintech startup Niyo?
It was recently funded $100M. Is it wise to switch to Niyo?

helpful

In @cyient already hired more than required. Now new joined people in bench from long time.

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Don't think about job security. Think about learning you will never be fired. Abhi age hai apni learning increase kar lo. Baad me market lazy people ka nahi hai.

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I was working as senior service desk at Dxc technology there was a sudden call from manager to either take 3 months salary or go on pip so I chose for 1st option.

Requesting to please help me with referrals.

Thank you.

No . 9108084051 same as what's app

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What if you woyld have choosen PIP.

Great that you updated, I'd offers from some startups with hike from 100% to 170% but I thought it'll be better to wait and switch only to big firms. I've same views

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Technically we are not in recession until we see two consecutive quarters of negative gdp growth

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Repeating again, the advisory is only for people planning to join startups with huge 200-300% hikes, things are stable for established organisation for now. There’s no issue for listed companies like ibm, kpmg, tcs etc.

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