Tech layoffs coming?

like
Posting as :
works at
You are currently posting as works at

.

Post Photo
funnylike

.

Post Photo
like

Why

Low interest rates and stimulus caused too much money sloshing around, especially in VC. VCs were only concerned about breakneck growth and not profitability. Worked great during the pandemic when consumer demand skyrocketed. Startups overhired to satisfy that demand. Now there’s much more risk in the market with interest rates increasing, inflation and tech valuations plummeting. Growth has declined and profitability matters again

like

Already here in some startups

https://m.economictimes.com/jobs/deloitte-pwc-ey-and-kpmg-on-a-hiring-spree-in-india/articleshow/91365291.cms

UE IS OVER BABY

Why would they be coming?

Already here https://layoffs.fyi/

Related Posts

Hello helpful people,
I have recently been laid off with my current company as company is closing its operation and looking for new role. So, if you know or have any opportunities related to junior mechanical engineer role in Canada, please let me know. I have close to 2 years experience working as manufacturing and quality engineer in manufacturing industries.
Thanks in advance.

If you quit or get fired, do your medical benefits get cut right away?

like

Is severance negotiable or is there some type of policy that dictates how much a company can pay out (eg maxes out at two months salary). A friend was just a casualty of a RIF.

like

Any word on consulting or agency layoffs in Berlin?

Accepted an offer at Deloitte but got another offer and want to renege. Worked there before and got laid off. Would other company find out in a background check or anything like that?

like

Whoever the CRM team behind this is should get fired

Post Photo
likefunny

There is no way you qualify for food stamps when the annual imcome of a household of 2 is over 6 figures right? My SO who was recently laid off thinks he can get unemployement benefits as well as food stamps when I still make 6 figures 🤦‍♀️🤦‍♀️🤦‍♀️

likefunny

How many times have you been laid off? I’m seeing a lot of people describe getting laid off 2 or 3 or even 4 times in their careers...should I just expect to get laid off every couple of years in advertising?

like

Will there be any impact in Fidelity Investments due to recession? Will there be any job cuts? Please update.

like

Hi! Are there any members in their mid-40s or higher who have trouble changing careers because of layoffs, downsizing, age discrimination, etc.? What is some feedback you are receiving from job interviews, informational interviews, etc.? 

like

Hey what is the bench policy in Capgemini it’s been more than week I am bench with no call from RMG, worried on layoff Capgemini joined as Pm/sm

like

Hi Team, I was part of the layoff at Elastic last week. Our whole midmarket AE department was eliminated.
Does someone hire for a midmarket/commercial AE position in The Netherlands?
I am a native German speaker. Of course I already applied via LinkedIn, but I urgently need a new job in January.
Thanks everyone!

like

Hi all
I have received an offer from Wissen for the client Morgan Stanley at Mumbai.. I was recently laid off from Publicis Sapient.... There is news that Morgan Stanley is planning to lay off people in the coming weeks. Is it good to consider this offer? Are there any layoffs going at wissen?

like

How am I supposed to compete with designers getting laid off by these huge companies? The market is already tough, I'm losing hope

Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful

I am interviewing for a Sr. Program Manager role at Adobe. Glass door says ~252k. What a typical base would be? How does adobe feel in the market right now as far as layoffs and expansions?

like

The severance package at Meta for laid off employees almost makes it nice to be laid off depending on what your personal situation is….. personally wouldn’t mind getting 4+ months of full pay to reset and think about what’s next 😬

like

Any firms hiring in the healthcare space? Was laid off due to covid-19 a few months ago and would love some help getting back to work. Thank you In advance for the help/suggestions.

like

Tips for just getting started, with the day especially, or even just a bad task later on after a few productive hours? I can have a stack of billables to do, but if it isn’t truly urgent, it’s just like a giant mental wall preventing me from getting things done. Medicine doesn’t help. It’s like I need the fear of god in me to get anything done and the moment I’m not scared of getting fired, I just... can’t. Things are OK at 2 am for some reason though.

like

Hi everyone, unfortunately I was recently affected by a layoff at my company. About 30% of their marketing department along with other departments were all let go. I have 3+ professional experience with product marketing, digital marketing, and event management. Im on the hunt for a new job and am fairly new to this lovely city. If you know of anyone looking for marketing specialists or would like to network let me know. Id love to connect!

like

More Posts

I appeared for an interview with Sears past week and I got through it. Now, I read something about bankruptcy at sears and how transformco picked it up. Is Sears US and Sears Holdings India same? @SearsIndiaHolding

like

When are your offices planning on reopening?

like

Hi all - considering planning a trip to Spain & Morocco this summer for ~10 days (Friday - Sunday/Monday the following wknd).

Has anyone done this before and can recommend a rough itinerary? Thanks in advance!

like

I have just immigrated to worth, Illinois from the Middle East. I have 6+ years of experience (proofed by a certificate) from Four Seasons Hotel Amman. Can anyone recommend a 5 stars hotel with front desk supervisor vacancy?

My offer letter says
Service Line: Strategy and Consulting

Does that mean the role is eligible for MBA sponsorship in the future?

like

Attempting to leave car sales due to the high stress and crazy schedule, however I’m not looking forward to a pay cut. Any tips on how to cope with the sales stress or should I forget about the money and try for something more laid back?

like

Hello all! Anyone an SEO at a media/news publisher here? What are the most common technical SEO issues you run into? How did you solve them? I’m likely moving to an SEO role as a publisher soon but all of my experience is in the non-publisher space. Any insights welcome!

like

Qudrat Ka Nizam. 😉

funny
like

Hi everyone,
I am in the last stages of an interview process and I really fucked up a 15-min talk with some on the team. I’ve already spoken with two collegues and it went very well, but this one I totally blew because I stuttered, was super nervous and could not answer the questions properly. Considering that I’m probably not a favourite for this one guy, what do you think my chances are for landing the job? Can I do something to “save” the situation?

like

CBD oil enthusiasts: why do you take it? How does it make you feel/what benefits do you see? Any brands you love?

like

How is everyone taking time to indulge in Self Care now that most of us are either about to go back to work, or have started back up with students? I’m having mixed feelings of going back on my end and would love to hear how others are feeling too!

like

Does Adobe still offers WFH

like

Is there anywhere I can find the timeline for number of covid19 cases by state? Currently in Florida and want to see how we’re tracking from initial case to now compared to other states.

like

What month will we be returning to the office?

like

A very close friend lost her mom yesterday and she had a last minute document that needed to be signed and notarized. Since the hospital didn’t have this service, a friend of a friend jumped in and came to her.

What’s etiquette/appropriate to send or pay this person who rose at such a time of need??

like

Anyone looking to sublet/transfer
lease for their NYC apartment? Ideally
looking for a studio

like

Is anyone aware of senior lead engineer designation at FIS aka Fidelity Information Services? What kind of role is it? FIS Global FIS

like

Additional Posts in Compensation in Consulting

SM thinking of making switch from National Risk consulting practice to M&A. 20+ years post MBA experience. Ballpark thoughts on comp?

like

When did you hit 200k for your salary?

like

Negotiating an offer that involves relocation. HR insists that reimbursement for moving expenses should be included when calculating first year total compensation. Agree? How to push back?

like
likeuplifting

1st-year Senior Manager at EY-Parthenon. 250 base 20-40% bonus. How are my friends at other consulting companies doing? ... Just trying to get a sense of how fair this comp is.

like

When will Walmart match updated BCG comp?

funnylikesmart

Any IT Service Desk folks here? Any idea about TC range of Director of Service Desk in the US?

like

I am currently interviewing with PWC for GRC solutions Manager, i have 12 yrs of grc experience.
What would be the right salary expectation for this role ?

like

Is typical timeline to post MBA role for undergrads at most firms ~3YOE?

likehelpful

Currently a sr consultant. Offer to move from technical consulting to corporate strategy sr analyst role. Currently 107k. Offer is 115k. High end of the salary band apparently. Worth it or not

like

If I assume the last interview was Tuesday (my last interview was Friday) and they told me I'll hear something this week, when am I most likely to find out about an offer?

like

I have an offer from EY. They rejected my counter offer for a higher salary but accepted my counteroffer for a higher sign on bonus. They gave me a few more days to think about the new offer. I want to know how likely would they be willing to renegotiate if I tell them I still want something closer to my original counter offer.

like

Coming from tech, $500k TC.

What level at MBB pays this much? Feeling the itch to get back on the road again.

funnylike

Considering West Monroe as opposed to a larger firm. What do the pay bands by level look like for management consulting in Chicago?

like

What is the salary for an Engagement Manager at Tata Consulting in NY?

like

How much would a Partner Technology Manager make at Google at 2 YOE?

like