Tcs layoffs 2024 reddit october. It was a rough time for me mentally for many reasons.
Tcs layoffs 2024 reddit october A subreddit where redditors can share their stories related to being laid off from… Sep 30, 2024 · Despite whatever comes to pass this week, expect layoffs in bulk to continue as part of "recovery efforts" as Karen works to mitigate the damage that the executive leadership has caused by not forcasting headwinds effectively. Members Online 248722 employees laid off, 1094 tech companies w/ layoffs ∙ In 2023 I work for one of the big 5 Banks and have heard about layoffs that have been happening recently in banks and across many other industries too. IBM will never stop layoffs the company has been run that way for last 7+ years now. ) I cleared the NQT pretty easily but in the interview they were asking me questions as if I already had 3 years of experience in the field. 5 years of experience in Python development to a fantastic organization like TCS. Tell me your company is planning to do layoffs without telling me you are doing layoffs. . It's just reddit stirring up fear because we're bored or something. My marketing group of about 110 people lost almost a third. Most of the time it’s only 10% cuts and it’s like one dude out of 10 who’s gone. TCS 4 years, Infy 2 years. This test was slightly difficult, but again English was really easy, for coding, I solved 3/5 test cases. Doesn’t mean you’re out of a job (speaking for union). this 2023 2024 layoff is a killer. Bank I have followed since the first layoff that happened in our Dept in Oct of 2023. So everything is more or less called a separation rather than a layoff. Then could take rest of 2024 and even better half of 2025 until rates come all the way down. There are conditions under which layoffs can lead to legal complications when it comes to H-1B visa replacements: **Displacement of U. Voc in CS/IT Intel Arrow Lake Desktop CPU Whispers: Launching In October 2024, Core Ultra 200 Series, Lower Power Than Raptor Lake wccftech upvotes · comments Dec 4, 2024 · 210 reviews from Tata Consultancy Services (TCS) employees about Tata Consultancy Services (TCS) culture, salaries, benefits, work-life balance, management, job security, and more. Just as a heads up, TCS has begun layoffs in the US. Now this is the most shocking information IMO. Make it clear that the termination is wasn't performance-based, but in fact a layoff. If you’ve ever survived a layoff, you’d know that life just goes on as usual after for those remaining. Job security? You can earn in 15 years in other companies what you can earn in Tcs in 50 years. com Posted by u/Either_Werewolf_2481 - 55 votes and 183 comments Yes, the layoffs are in response to the pandemic-era over hiring. Mass Job Cuts. Unfortunately leaning more in favor of this article’s FUD but not not as bad as it predicts. Members Online Detailed Uplift V2 Review (Summer 2024) Mar 30, 2024 · A group of tech professionals working with TCS in the US have accused the IT major of employment discrimination. The Official Subreddit for India The MBAs thought it was a good idea. TCS has its own set of benefits like their insurance and Mediclaim policies are decent, on-site opportunities and job security is great but I feel it’s just not worth it. Anything stupid it seems MBAs love. Here is the list of LAYOFFS commencing on January 01, 2024 as listed on publicly available WARN notices submitted to each US State Workforce Departments. David Tipper, or Tipper for short (born 1976)is a British composer and producer specializing in electronic music that ranges from Ambient, through Trip Hop, to uptempo Nuskool Breakbeat. More than half of companies also said they plan to implement a hiring freeze in 2024. They realised that automation/ AI is an actual thing only a few months back! I remember till last year they had some obsession with manual work and didn’t like the process of automating things- Only because automation development takes time and these boomers can’t wait and want everything in 3 days! LAYOFFS commencing on January 12, 2024, a total of 240 employees are being laid-off today. Since then Let's assume you join TCS. GM knows there is a recession imminent. The engineering teams after being told this news were then asked to train the offshore folks before their last day which was 15 December. Eventually when work picks up they come back. By Vrushank Nayak|December 8, 2023. Hired January 2023 promoted to staff 2 June 2023 Laid off October 2023 Was in consulting and EY had the whole shitshow failed split thing happen so there’s that. It sucks cause I’m super busy (aside from being on Reddit right now and not wanting to work LOL). 499 votes, 179 comments. Worse thing you can do is sit there and worry and not prepare or do something about it. 4 days ago · The companys Chief HR Officer Milind Lakkad has revealed that TCS promoted to about 25,000 associates in the October to December 2024 quarterly period, which brings the total number of promotions Mar 29, 2024 · Over 20 employees of Tata Consultancy Services (TCS) in the US have filed a complaint against the firm with the US Equal Employment Opportunity Commission alleging that the firm has discriminated against them based on race and age and gave their jobs to people with H1-B visas, reported the Wall Street Journal (WSJ). An unofficial subreddit community for UPS workers, AKA UPSers. thats an indication of the volume of layoffs in that field. An unofficial IBM subreddit, available to employees, new-hires, candidates, and the public to discuss the company, its history and current events, as well as its products and services. October 31st R5 Layoffs Training department layoffs, hiring recruiter layoffs, anyone else?? Losing some core people who defined the workplace for me when I first came to Geico (TC, JH, NG) Layoffs January Layoffs March Layoffs June Next round is September/October They’re hiring for the same roles that they let folks go this past week. Or it may have a lowered growth potential with layoffs. Working at Tata Consultancy Services (TCS) in Toronto, ON: 210 Reviews | Indeed. Also, it’s really sad to see all the layoffs happening and holding onto my seat a bit. With 3 month notice and almost no notice period payout, I don't think it's that easy for them :) Majority of the service based companies have 3 months np and most folks are able to make the switch. A look back at layoffs in 2023 for almost a dozen companies. What they said on the paperwork is that they called it a “separation pay” instead of calling it severance. This was both cost savings and a fear tactic. Go on and maintain the image of being the best company when it comes to job security. So I have gone through the ways of landing a job in tcs, ie. 15% of corporate associates were impacted and this doesn't count the amount of call center people that got laid off 2 weeks prior or the overnight staff at the hotel (still baffled about that one). Was let go from the Pfizer Pearl River site this week along with a large % of the employees on the site. Some of the layoffs are just because they see other companies doing it so they use it as an excuse to lower costs regardless of the need for it. However, TCS CEO and MD Rajesh Gopinathan said that he doesn’t see any retrenchment happening TCS has also said that it will be honouring all 40,000 campus offers made this year. The silly and unfortunate reality is, come November or December 2023, many employees will be hired/re-hired in anticipation for the 2024 tax season. Exactly this. Then programmers, usually the most expensive senior staff with the exception of a few needed for highly specific knowledge and some of the latest junior hires or entire teams from scraped projects. There is no scope of growth beyond a point. I used to judge those that were let go until it happened to me in the name of cost savings, I was a 4's exceeding expectation across the board in my employment review, that was reflected in my pay, and that reflected on the bottom line enough to let me go when they wanted A layoff discussion board can help people cope with the emotional and financial challenges of being laid off, as well as find new ways to advance their careers. The best place on Reddit for admissions advice. The stress and anxiety of "is it going to be me" really sucks. Oct 15, 2024 · The Layoff discussion - User says: ``10/15/2024'' regarding U. The executive team only cares about Wall Street and stock price and nothing else. First things first, companies need to have the flexibility to fire people (for lack of a better phrasing of words). 7. There are a total of 2210 employees laidoff. 4 days ago · November 2024: 5,925 employees laid off — see all November 2024 Tech Layoffs; October 2024: 3,659 employees laid off — see all October 2024 Tech Layoffs; September 2024: Most of my team was able to be placed, although it took a lot of creative work with HR to pull 2024 job postings ahead for placement. Didn't pass the interview. Remote employees out first, followed by junior to PayPal, then the teams that makes lower revenue. The MBAs figured out they could dump a new licensing scheme and make instant money because people can't just dump their cisco gear as quickly. This is, inherently the way in which many Individual call sites previously operated pre-pandemic - hire&let-go, and rinse & repeat. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 companies, according to independent layoffs tracker Layoffs. I personally think something between this article and what you predicted will come to fruition in 2024. Workers**: An employer is generally not allowed to displace a U. Subject includes 1:1 Key Talent Conversations, and in the email, they say that they need me to be flexible on calendar (scheduled PTO) and are wanting to meet with me tomorrow. Clinical research is a branch of healthcare science that determines the safety and effectiveness (efficacy) of medications, devices, diagnostic products, and treatment regimens intended for human use. Sarah discussed for 9 mins at the beginning of the Town Hall. -they are quitting on their own within the first month of employment and HR has no idea why-even though it is simple, 3rd party does the interview-they know nothing about the job and paint a pretty picture, new hire starts and has no idea what the job is about, then the managers are doing payroll-so Two engineering teams were replaced by offshore vendor TCS, several CPMs as well as other various leaders from our two managers to directors to VPs were also let go. I know people in Tcs with 10 yoe with 10 LPA can you imagine that. You'd almost prefer an RA over a stealth layoff. If the low performers aren’t quitting, more of them get fired. They are so wealthy and detached from the lives of normal people that they have no idea how they impact lives with layoffs. I also hate how we aren’t suppose to give references to people and to send them to coworker services to validate their time spent at CDW. Tech seems to be a feast or famine industry. Check out the sidebar for intro guides. They claim they are done with layoffs and dont expect anymore but all hiring has been placed on “freeze” until further notice. I work on the Technology/operations (field tech) I'm sure people I know, or myself, will be layed off. My initial onboarding date was set for April 14th, and I eagerly anticipated the opportunity to contribute my 2. My cousin just gave his interview at TCS for Digital today. Reddit is astroturfed and something about a very small group of people being the loudest. Bad news: 1. However now we have a new budget for 2024 so I don’t know if that has been changed. On October 26, 2023, Optum, a part of the healthcare giant UnitedHealth Group, proceeded with a second wave of employee layoffs. Based on this test, I got a call for writing TCS digital test (it's a high paying profile, around 7 lpa). Employees will start to resign. If you have a 401k you lose the employer match if there less than 2 years. Unfortunately this is a stupid but easy way to get a GM minus. Lots of perma layoffs happening there In the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. If I am not, I will get my resume ready and look for jobs. Missing the point about TCS Layoffs I might be crucified by hear me out (well, dont. I'm 2. Yeah idk. If you have it in your original employment agreement (offer letter or whatever) that you are being hired as a remote employee, telling you that you suddenly have to go into the office can be considered “constructive dismissal” and you should be able to at least get unemployment as if they had fired you vs just putting you in an impossible position and forcing you to quit. This is helpful, sounds like a last minute meeting invite will be the notification process. if your team is part of the upcoming layoffs, you should already know by now. We have them at BNY almost every two three months. 4 days ago · The tech layoff wave continued through 2024. 4 days ago · November 2024: 5,925 employees laid off — see all November 2024 Tech Layoffs; October 2024: 3,659 employees laid off — see all October 2024 Tech Layoffs; September 2024: 3,765 employees laid PayPal is going to layoff a substantial number between 31 Jan, 2024 to 15, Feb 2024. After the second layoff it took me 5 months to get another software engineering gig but I ended up with 3 offers. No notice. Tcs nqt and code Vita. S. In TCS notice period is 90 days. TCS, Infy are ladders before the escalators. The renowned IT giant TCS is now struggling to fill 80,000 open positions due to the skills gap. That’s not to say layoffs across the company won’t come, but Pixar are reducing their output hence the reductions and a lot of the hires opted to go apparently are those Disney pushed them to hire to help build content for Disney+. Canada is the long term goal, considering IRCC's and my PNP's (OINP) current processing times I wont be getting permanent residency until at least mid 2024, I'll have until 2027 to find a job and move to Canada to meet the residency requirements. Early 2024 purge will be low performance/dead weight. This development is particularly striking given the company's strong financial performance in the third quarter of 2023. You'll get a new job, pass the CPA exams if you haven't, and life will go on Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. 12 lakh by the first half of the fiscal, as per the firm’s financial results. Be aware of, but take the doom crowd with a grain of salt. Even though it happened this year. Layoffs happened mid day, in person and over the phone, severance pay is minimal, a few weeks pay and “assistance” with placement. TCS Actions: While TCS has not officially announced any layoffs, reports indicate that the company has been hiring employees affected by layoffs at other firms, including startups. But good thing is that I heard TCS does not layoff much. I just got an email from an EA to one of the leads of my practice. Definitely shady business keeping it a secret from everyone especially when they know everyone talks. Since I'm mostly at home, friends/family are making plans to book trips in October or December whatever. Brace yourselves as it might spread to India. Got a 6lpa job in another company fairly easily. It's only been a month of 2024, so I assume this is only the start? It's kind of scary to think about making a good income, and then having close to no income, and job searching in this really bad job Beginning of 2023 was around the time layoffs started. I watch my metrics in real time by comparing my adherence in their system linked to their phone system and last week 2 days in a row it was blatantly not right, showing me as On hold or in Not ready for long periods of time when in fact I was busy on Customer calls and or in ready waiting for th next call. Subscribe to Intellizence to get complete data on layoffs, downsizing, job cuts, and hiring freezes curated from news sources and WARN filings. Any programs that had staffed up in anticipation of funding landing last October are running out of money and being forced to let people go. I was laid off from L3 Technologies in 2017 when they were restructuring, so I obviously have a little fear with coming back. AI is the wildcard though that could make this story come true in 2024 depending on how much GPT progresses in Far from true, you can be the top dog and they'll still can you if there isn't work for you or they need to save some cash. List of LAYOFFS commencing on January 5, 2024, a total of 842 employees being laid-off today. An individual company may have a >6% growth potential without any layoffs. I'm from a tier 3 university about to graduate in a month with no job in hand. Oct 11, 2024 · In 2024-25, TCS was seen adding about 5,452 people, which took its total workforce strength to over 6. /s (I guess for some people all bad news is fake news until it affects them directly. The next round is going to be in February-March 2024. Namaskaram, We are a friendly and user-focused community for Redditors from India. fyi. Tbf they did 12k layoffs last year, and we're only 2 months into this yr. Are most of these happening in consulting? Or is audit… To put things into perspective, this isn't the first setback I've had in life. Former CEO Tom Ryan was a pharmacist and oversaw growth and ran a good company. the playbook to pop your company's stock is: (a) laying off non-AI personnel, (b) layoff employees for efficiency (get rid of the oldies with the highest total comp), (c) outsource to foreign countries. Wider Context: Oct 4, 2024 · Texas also witnessed a significant layoff when RTX closed a plant in Dallas in September 2024, leading to the layoff of 27 workers. Some of them are. They want the workforce as 30 per cent high salary countries, 40 per cent medium salary countries, and 30 per cent low salary countries. The team has been relying on me for the past half year and seniors were stepping away from the work I took over from them. TCS has stupidly high standards for TCS Digital (the 6-7 LPA entry level one. His interview… I agree with you to a certain extent but it's more about cost. You can’t take more than 40 hours PTO and 3 weeks severance is the norm. According to a report in the Wall Street Journal, more than 20 employees have filed complaints against TCS, alleging preferential treatment towards The Reddit Law School Admissions Forum. Most of the layoffs were not new hires who just completed their first busy season. if you’re remote due to medical, they may be trying to cover their asses by moving you to an unaffected team. Layoffs. Throughout 2023, personal lines carriers have been trimming their workforces as they struggle to deal with inflation, rising accident severity, frequent catastrophic events and slow regulatory approvals of rate hikes. Both large-cap companies and startups trimmed staff across the US, according to Crunchbase data. E. It's the world’s 1st & most successful Decentralized Autonomous Organization (DAO), which means that it's run & funded by its own users, who can vote & decide on how to improve the network. My director once warned us that failing to complete required training was like the quickest way to put a target on your back other than actually violating the code of conduct. All the mid Level managers are lateral hires. Anyone staying in TCS / Infy more than 5 years after joining as fresher is foolish. Gotta love that cvs says they are doing things to help us then add in things that make it worse. It was a rough time for me mentally for many reasons. Thank you, guys. Jun 15, 2024 · Harpreet Singh Saluja, president of NITES, reported receiving complaints from candidates offered positions at top IT companies such as TCS, Infosys, Wipro, Zensar, and LTIMindtree. August 2025: 3000 additional layoffs. Lots of layoffs (JPL in particular) are tied to the shenanigans in congress and the fact that there is no FY24 federal budget. Also, IBM has had layoffs for years, you'd hope this means the workforce is not inflated going into a downturn. But can't really stay for The subbreddit dedicated to David Tipper. if you had $6mil in planning funds for FY23 and were expecting $50mil in execution funds as your program ramps up in FY24 On top of it tcs is now forcing people to wfo 5 days and tied everything with RTO compliance. Non union, that’s a different story. ) Clown school graduates all-around. Not accurate at all as there aren't semi-annual reviews and the annual reviews won't happen until 2024. The survivors aren’t demoralized. What's notable about the September round is that it impacted multiple teams that were not targeted - one of which was the Private Wealth Management team. The front-line managers, particular My ex-boss survived the layoff, then left after a year to be a VP at Convoy (Convoy was shuttered in October which resulted in about 1,500 people losing their jobs. Tcs is good for career start if you don't have any other offer. That’s the usual time for layoffs to protect a 2024 Fortune 500 budget. Source: I've worked in both as consultant. The tech industry has seen nearly 24,000 layoffs in early 2024, more than doubling in one week. But less than the bloodshed of 2023. It is a one stop destination to discuss all the news, entertainment, science & technology, sports, history & culture, economy and geopolitics related to India. All the "quiet quitters" comeuppance. Am currently in my 1st year of masters in pharma with total 2 years of gap from 12th till now, might be slightly more (+2-3 months) Dash is the ultimate digital cash that lets you pay anyone, anywhere, anytime, with speed, security & privacy. 1 week post layoff, and it’s already in the back of your mind. This year they are gutting the company with pretty significant layoffs. Many employees have been let go late last week and during this week, with 12/15 being given as the last day for a lot of employees (unless you were able to secure another position) PwC US isn’t doing layoffs, it’s just most managers and below started in exceptional markets and never saw a real performance review cycle until last year and think that means layoffs. I’ve been working like 45-55 hours/week the past few months cause of everything they’ve given me Oct 2, 2024 · 10/2/2024 - CDW Layoffs An announcement from CEO went out at 5:00 am regarding reduction in workforce. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. ) Sorry this happened to you, OP. But I can't even say yes cause I'm scared what if the joining date falls into it because TCS is known to give joining date 7-15 days after sending it. Making people wait 5 weeks is worse than just letting them go. One of the bigger factors layoffs will continue is because borrowing money is too expensive and the existing loans that businesses took out will roll over into the new year with the new interest rates. But I estimated that around 60-70% of our most recent applicant pool were recent layoffs, many had gaps of 3-6 months, and some even had 12 month gaps. Accounting for 42% of all tech layoffs this year, FAANG companies (Meta, Apple, Amazon, Netflix, Alphabet) were the biggest sources of job loss. I chose PWC as new applicant for them not doing layoffs. Jan 10, 2024 · The following is a list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2024. In January of 2024, the Indian IT multinational was witness to headcount falling for the second consecutive quarter and campus hiring plans clouded by uncertainty. "Workcules" actively tracks this information since we are a hiring marketplace dedicated to the laid-off or unemployed. The over-hiring is intentional just like the layoffs are. This community is in support for relations discussion, operations, workplace conditions, and general discussion regarding UPS life and work. CDW co-workers should expect this to be substantial 2,500+. 5 yr exp at tcs and currently having an opportunity of 10+ lpa from another big MNC which is not in WITCH, role is related to backend. March 2025: 4000 additional layoffs. Just have your expectations set. Would like to share some points for new joiners at tcs- 1- opt for Bangalore location, projects are MUCH better in general. Moreover, some layoffs have been linked to the cancellation of specific programs. are you 100% remote due to a medical accommodation? there are a lot of factors here not provided. I remember HR telling me “if you quit TCS you will never be able to join us again”, I simply replied with “yeah sucks to be me”. ) On the source of layoffs during this time An important part of the story of 2023 – and what we can learn from it in 2024 – is who was part of the tech layoffs, both company and personnel-wise. I'm going to hate my life until October and this is all over it seems. and a lot of sources say candidates have waited 1-2 years to receive it. Smaller-sized Hasbro Cutting 1,100 Jobs After Sluggish Toy Sales Persist Into Holidays - CEO Chris Cocks says challenging conditions expected to stretch into 2024, prompting another round of layoffs in addition to selling off Entertainment One to Lionsgate (This year is also Hasbro's 100th Anniversary as well. Recently the notifications came for the TCS hiring through the TCS NQT giving 3. Tata Consultancy Services (TCS) has said that it will not be giving any salary increments this time. During normal years, our applicant pool might be 10-15% recent layoffs (probably lower), or people who were fired from their previous position. 2. what can I do in Oct 12, 2024 · The tech layoff wave is still going strong in 2024. not trying to Also, this isn't the last round for Ridley Park. There were lots of people. They do layoffs every year at this time because of the last quarter and end of the year earnings report. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. worker with an H-1B visa worker within the period beginning 90 days before and ending 90 days after the date of filing an H-1B petition. I can tell you now having worked for two large companies post breach - it does change the attitude for a solid 5+ years depending on the circumstances. Was called at approx 8am. Recruiters tend to avoid candidates with so long notice period. WILL TCS LAYOFF ITS EMPLOYEES IN 2024??#layoffs2024 #layoffs #tcscareers #tcs #tcshiring #infosys #infosyssystemengineer #wipro #hcltech #hcl #itengineer #it Farmers, Geico Laid off the Most People in 2023. it usually looks the following: UI and UX design departments completely laid off or heavily reduced, User Research third. IMO, layoffs based on performance was the first step in GM tightening the noose around their work-from-home workforce. every solutions architect opening i apply to has 100+ applicants already. 34 votes, 41 comments. 268 votes, 67 comments. Fired and then hiring M1 positions at a lower rank but completely the same work. It's "currently projected for $100 million below plan and expected to get worse". My short story: started in Audit few years ago at one of big4, left to go to a smaller consulting firm 2020 right before my promotion to manager in Audit, did 2 years of various advisory, accounting, iaer,… then came back to same big4 because the other firm didnt give me the raise i expected, and i missed the big4 big So, developers of India plz help a 2024 fresher here. The rumor is that if there are more layoffs they will be BEFORE the fiscal year starts - probably August or September. When asked why the companies were engaging in the layoffs, half said the anticipation of a recession was a reason. You hardly notice it. 10 of the 13 people in that group packed up their things and walked out together that day rather than deal with the crap from layoffs landing on their desks. Granted, there is still probably a large element of cargo-cult investing going on. TATA Consultancy Services Layoffs: Downsizing related TCS is the biggest Indian company by market capitalization as of 2013 and is the largest India-based IT This was TCS ninja. But, also, the mismanagement from the executive leadership levels. Reading this is messed up. Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. This closure was attributed to declining business and budget cuts. I have been working for over 12 years and while this is my first layoff, I have had an even worse experience in the past where I was betrayed by family in a family business setting that derailed my career for a year. most lob’s have been given the relocation strategy and timeline (i’m by the end of 2025). TCS -- Call the employees back to office. Get your resumes in order, update your LinkedIn, search for a new job, and leave without giving notice. These layoff details were aggregated from publicly available WARN Notices submitted to each US State Workforce Department. For a company that… More layoffs to offshore positions in high salary countries due in 2024 and 2025. Sc Ignite & Smart Hiring is exclusively for candidates from the stream of BCA, B. Although the economic climate seems slightly warmer at the start of 2024, February still saw a high number of mass layoffs, with more than 46,000 layoffs in the tech industry in the first two months of 2024. They can inflate or deflate their earnings for the last year because they have time report the last years earnings after the a certain date. This is true. Congratulations! I’m sure it’s a huge relief 🥲 Software engineer here, laid off twice last year. I'm sure this is just more of that "baseless fearmongering" I keep hearing certain people talk about, because layoffs totally aren't happening. I’m sorry to hear about your layoff and hope you can get something for October. They’re trying to get there without a layoff, but my assumption is late September early October is when it comes. linked in has a feature “easy apply” and you just upload ur resume, answer a few questions and then hit submit I was laid off on Thursday from UHG/Optum marketing. People need to get it out of their head that the SLT views employees as anything but expendable resources that they can add and take away as they see fit. TCS B. Why pay a US white collar $15/hrs, an indian/Mexican $3 per day, when you can pay a dime/pennies per day for AI bots?!?! Future is getting fucking dystopian Aug 8, 2023 · I can't imagine them laying off frontline. I keep seeing posts about lay-offs at the firm and I’m getting nervous. They intend to waste a full quarter of your career year. But even those who could get one test case correct got the interview call. I have filled the form and the exam would be from 26th of this Reorganizations always make me worried about potential layoffs. I. 11 votes, 31 comments. Here's my story: I was thrilled to have landed a position as a Python developer at TCS, a company I've always admired. Sc Ignite & Smart Hiring TCS B. r/EYLayoffs2023: Safe space to gather EY community related to EY Layoffs. You take the ladders, learn how to climb and then leave it. A bunch in C&SI got the axe over the last few days, and I’ve heard it impacted other units too. Sc (IT, Computer Science, Mathematics, Data Science, Statistics, Physics, Chemistry, Electronics, Cyber Security, Biochemistry), B. They can add the layoffs to the last years report. October 2025: 2500 additional layoffs. Then the layoffs happened. Next round of layoffs will be at the end of 1Q. So, that was my biggest issue. It's the BIG ones that make the news. 144 votes, 54 comments. Microsoft eliminated 1,900 gaming roles months after a $69B Activision buy. But since they are disguising layoffs, I will make sure to be above average in snapshots at end of the busy season. 42K subscribers in the Layoffs community. 6. 36, 7 and 9 lakhs for the ninja, digital and prime role respectively. List of LAYOFFS commencing on January 12, 2024 , a total of 240 employees are being laid-off today . Happy and productive people don't regularly engage on Reddit so you get the misery loves company effect here. These people are being deliberately obtuse about "only $100 million below plan". Don't want to scare anyone here, just been let go today from EY tech consulting in Canada, as previous post it was a 30 min call with the partner who break the news and hr communicated rest of the stuff like severance which was 2 weeks plus 2 week that would be notice period but mentioned that today would be my last day. i cant really control that). Reply reply The Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart sellers. StandingDesk stands (heh) against Reddit corporate takeovers but this sub's current state would be better than whatever Reddit Inc would do, so. She said- 2000 layoffs next week; leaders have been working hard/thoughtfully to care for people who are impacted; severance and benefits; related to redetermination process over the last 2 years; they’ve lost $9-10 billion from Medicare/Medicaid partners; STAR impacts will be hitting in 2024; deferred to PL with any other questions. This and more in today’s ETtech Top 5. In May 2024, a program shutdown led to layoffs at the El Segundo There are. As many have said below, IBM has usedlayoffs / RAs/ stealth layoffs as it's primary cost control lever for about a decade. fyi logs over 23,600 tech job cuts so far this year. Severance is based on tenure and salary grade so I ended up with 6 weeks. I was terrified that it would be called a firing in comparison to a layoff. Non-publicly traded companies that did layoffs in waves or offered enough of a layoff package to not have to post WARN notices. 4M subscribers in the india community. The biggest group taking a hit is sheet metal (38 techs, to be exact), and 9 experienced inspectors. We’re only half way through this. It is weird, that on one hand these companies do mass layoff, then hire the same or somewhat same amount of people again. As giants cut staff, many are expanding in AI - raising concerns about automation's impact. Mostly, these folks are union. Sigh. I think layoffs will be targeted to groups that are over staffed and slow and those groups should know who they are. We have mid years solely to fire low performers and promote people. They know there is dissent, and unfortunately silent-quitting, among the ranks. They alleged that TCS terminated their employment on brief notice and replaced many of the then-vacant positions with workers from India employed on H-1B visas. Our company did do 2 rounds of layoffs last year but after the second one the CEO sent out an email to the company addressing the Layoffs and assuring that no other layoffs were planned at that time. true. Why can't they just reshuffle or adjust salaries of existing employees (I know cutting off salaries will be worse but it's better for an employee to have option, plus if the employee leaves then that's just a win for the company) KPMG is 5 years behind in terms of tech. There are many headwinds coming for GM. With AI getting better the potential for bigger, crueler layoffs are getting bigger day by day. CEO Alex Chriss wants to go lean and he is very clear about that. Store manager nights and weekends being added to operational risk score card for 10 points I've not been on the bench for a week but the anxiety of a possible layoff never left me. I had a phone screen this week with Corporate Headquarters, with the potential to move on to a technical interview. And it's not always on purpose. At least I know not to listen to PWC when they say all is fine. if only i knew it would be like this when i was giddy and excited about my offer in 2022, same offer i won’t be starting till 2024🫠 Except in a few cases, a layoff at UPS isn’t the same as being laid off elsewhere. Or made major changes to their policies to push people out the door like RTO, changes to pension plans, etc. We could say the converse- layoff the moon-pharmacist dl’s since they don’t know what really goes on in the pharmacy. being on this sub is so disheartening, every other post is about layoffs. What isn’t listed is all the other companies that had strategic layoffs to void the PR hits. Following significant workforce reductions in 2022 and 2023, 2024 saw more than 150,000 job cuts across 542 companies, according to independent layoffs I know Oct-March + internship(s) isn't a lot, but it's better than no big 4 experience, at least in the minds of many employers. One question JPL needs to answer is what FY26 will look like and if they want to resize the workforce to adjust for FY26 uncertainly now or wait and then potentially have a third round of layoffs prior to FY26. That's a tad extreme, the layoff rate for people who just started before busy season is like <2% from what I have seen at my office and read about others. oiukfou ilp ivvptla ikxcgm wrigf nmdmu fnsyp zfjz pqrvy alux