In this video we are going to answer how and why Amazon did layoff in 2022?
Which companies did layoff in 2022?
are testing jobs decreasing in India?
Has Recession started in 2022?
Why are we not getting selected for Job?
Reasons behind getting testing jobs, future of automation testing
#HiringFreeze #rdautomationlearning #recession2022
1. Layoffs at Netflix, Googele, Microsoft, Meta, Apple, Recession
2. IPO vs MNCs
3. Indian IT industry - impact
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1. Lido Learning
Laid Off - 200 Employees
The creator of Lido Learning, Sahil Sheth, notified the staff that the company wouldn’t be able to pay their salary due to financial issues. In addition, some employees were even told to hunt for new employment.
2. Microsoft
Laid Off - 1800 Employees
Microsoft, however, added its name to the list of significant businesses laying off staff when the corporation disclosed that it would be doing so as part of a “realignment.” It’s also vital to remember that Microsoft is the first major tech company to fire workers. According to estimates dated July 13, 2022, the Microsoft layoffs will affect 1% of its 1,80,000-person staff across all of its offices and products.
Along with the announcement of Microsoft laying off, the news of the slowdown of Microsoft hiring in the Windows, Teams, and Office groups has also surfaced.
3. Netflix
Laid Off - 300 Employees
One of the reasons for Netflix’s slower income growth is that it has recently lost over 2 lakh customers and is reportedly losing more. In May, Netflix again laid off 300 employees reason for which was cost-cutting.
4. Twitter
Laid off - 100 Employees
According to the story from July 7, 2022, the company, which employs more than 7000 people, would be letting go of about 100 workers.
5. BlueStacks
Laid Off - 60+ employees
The company has experienced tremendous growth thanks to the enormous demand for Android smartphones. 60 Indian employees of this well-known Android emulator platform have been let off, according to news from July 20, 2022. On July 18, 2022, BlueStacks used video conferences to warn the bulk of its staff that their services would no longer be required.
6. Unacademy
Laid Off - 600 Employees
This year, one of India’s largest EdTech companies startled everyone by deciding to fire 600 people or 10% of their staff. In April, it was a last-minute choice. According to the layoff justification, the workers’ performances weren’t up to par.
7. Vedantu
Laid Off - 624 Employees
Yes, another well-known Edtech company, Vedantu, has let many staff leave. They fired 424 full-time and contractual staff in only one month. Before that, 200 of its employees were let go this year. According to Vedantu, this is being done to extend their capital runway. Additionally, it is said that the closure of schools and the return of traditional classroom instruction are to blame for the layoffs at Edtech companies.
8. Cars24
Laid Off - 600 Employees
Over 600 workers from Cars24, or 6% of their workforce, bid goodbye to the company. The fired individuals included workers from various departments and positions. The corporation has just said that the layoff is based on employee performance without offering any other explanation. If staff are not giving their all, they are fired every year.
9. Meesho
Laid Off - 150 Employees
Meesho abruptly and unexpectedly sacked 150 workers from the company’s supermarket division in April
10. 10. Better.Com
Laid Off - 3000 Employees
Better.com’s layoffs are likely the most contentious to date. The business has been under fire since firing over 900 employees over a single Zoom conversation last year. They have let approximately 3000 of its staff go this year alone. The corporation claims that the employees’ performance led to the layoff. They have claimed that the employees are let go due to their poor performance and low production levels. Nearly half of the company’s personnel have been let go since December 2021.
12. Byju's
Laid Off - 2500
Byju’s, the largest Edtech company in India, made a snap decision to fire 2500 workers. Even after being valued at over $21 billion, the unicorn decided to fire its staff.
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