“Recovering After IT Layoffs: How Social Media is Helping”
No one is happy about having his/her job terminated. But there are terrible ways to do it if you consider how much so many companies are doing the same thing in recent years. Again, the king of the hill is Twitter, Elon Musk who acquired it in 2017. Twitter users could quickly determine vacancies at their company, and a second email gave them one last chance to request rehire, based on the company’s official email server. If an email client within the company forwarded a message to their preferred email address, their services were terminated.
Last December, the Indian-origin CEO of mortgage company Better.com, Vishal Garg, fired 900 employees over a phone call. The announcement made by him on a communications platform went viral on social media on December 12. Garg announced that if everyone was on the call, they all would receive termination notices and their employment was ended immediately. Social marketing start-up HyperSocial CEO Braden Wallace posted a picture of himself crying on LinkedIn in August after firing his employees. On days like today, I wish I was a business owner who only cared about financial goals and did not care about who he hurt along the way. That said, I’m not, and Wallace was immediately faced with a wave of criticism.
That’s in India, and a smaller company based out of Chennai reportedly fired 10% of its staff during a 15-minute Zoom call that started around November 2. According to an employee who was targeted, an email was followed up within 15 minutes, access to systems was impeded within an hour, a hurried exit interview was conducted soon after that someone’s manager did not attend and by the day’s end, the person was told not to come to work for anymore.
Because [the company] fired employees, they may consider those they fired unworthy of assistance. However, when the company informed me that my employment was no more necessary, I felt as though I spent the hope–which I was doing little to justify. In case that story is genuine, having faced humiliation in the hardest way possible is important. Where has the empathy been? the individual asks as they had a hard time accessing their payslips for the next three days following the particular person’s departure. The start-up employee, who the employee had been working for only six months ago, has put on gardening leave for the next two months and is helping them find other opportunities.
According to a formerly employed employee of technology startup Unacademy, there is no security within a job. I used to believe big companies would not fire their employees easily. But I’ve now learned that anything can happen, says the 25-year-old, who was fired along with what is believed to be 10% of the staff within one month after joining.
A company memo by the CEO at Unacademy, Gaurav Munjal, was written to apologize to the laid-off employees for their grievances. The letter stated that a severance pay which would be equivalent to the salaries of the notice period plus two months would be paid, as well as the acceleration of vesting time for company stock on the employee’s part, medical insurance for an additional year, and guidance about professional career creation and setup.
Similarly, big tech companies such as Twitter, Meta, Amazon, Salesforce, Cisco, BYJU S, Zomato, Ola, and Meesho have laid off 142,942 employees between January 1 and December 2, 2022, worldwide, and in India, per tech lay-off tracker Layoffs.fyi. The reason was the demand for cooling technology amid a globally prosperous 2021. In response to news from India, more than 15,000 Indian employees out of work as of November 2018 have been reported. While several tech firms have likewise laid off Indian employees, the exact number remains unknown. Hardeep Singh, Country Director of India-based outplacement services company Right Management, indicates that the actual number may be based on multiples of what is publicly known because most firms do this in secret.
In response to news from India, more than 15,000 Indian employees out of work as of November 2018 have been reported. While several tech firms have likewise laid off Indian employees, the exact number remains unknown. Hardeep Singh, Country Director of India-based outplacement services company Right Management, indicates that the actual number may be based on multiples of what is publicly known because most firms do this in secret.
Layoffs are taking place across large technology companies, information technology, information technology, and accounting firms. Layoffs in ed-tech are higher than those recorded earlier. Pharmaceutical and medical firms are likewise seeing layoffs as a consequence of mergers. All positions are affected. There is no functional or skillset-level demarcation, he clarifies.
In a span of just over a calendar year, the situation has changed from Great Resignation to Great Uncertainty for employees. As increasing layoffs occur, hiring is slowed, and the electrical power returns to employers, less attractive parts of corporate culture may be growing more visible. Indian businesses adopting a dogmatically calendric approach to redundancies is triggering impulsive decisions and unfeeling execution, especially when social security is relatively scant and labor laws are not particularly perfect for white-collar staff.
Oftentimes, the employer is required neither more nor less than the laws stipulate. Large companies are prepared to assume the responsibility of a departing employee for a set duration, usually based on the witness and duration of service, by seniority. A CXO may take a long time to grow their business, while a business school program lasts around 45 to 60 days for juniors. The majority of people begin work within six months. The author states much of his work assists the grieving employee move through the agony of losing her job, similar to the grief involved with ending a romance.
LinkedIn’s OpenToWork calendar function functions to allow you to pick your next action in accordance with your skills and abilities. One of LinkedIn’s featured profiles is that of a developer from New Delhi, India, who is 29 years old. While networking, you may feel uneasy announcing your unemployed status. But, this doesn’t hamper job prospects because recruiters also recognize that this is a worldwide problem now. The contractor who was impacted by Salesforce’s global cutbacks has declined to comment on three new job interviews after winning the rejection. Salesforce failed to respond to emails from BT.