How to be safe during Recession? Why do companies lay off? What is Impact of Recession - Honest talk

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  • Опубліковано 20 лип 2024
  • Microsoft has already laid off more than 1000 permanent employees Twitter only has around 250 employees left while facebook has already laid off more than 11,000 employees! Salesforce and many more such big tech companies to follow suit! the current market, economic and geo political conditions are not good at all!
    But why do companies lay off?
    How to be safe during lay offs and recession?
    How much time will it continue?
    All of these questions will be answered in this video and much more! Do give it a watch.
    Tech Company Review: • Tech company review
    Savings of an Engineer in Canada VS India : • Savings of an Engineer...
    Journey from India to Singapore : • Journey till Singapore...
    Savings of an Engineer in Singapore VS India • Savings of an Engineer...
    To connect with me:
    Instagram: / dynamic_coder_18
    LinkedIn: / soumyajit-bhattacharya...
    Telegram: @sdeinterviewpreperation
    Timestamp :
    0:00 - Intro
    1:45 - Why do companies Lay off?
    4:08 - Relation of Lay off with individual performance?
    5:44 - How to be safe from Layoffs?
    9:39 - Think positive head down and work ahead!
    Tags & hashtags:
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КОМЕНТАРІ • 63

  • @subham-raj
    @subham-raj Рік тому +38

    *Why not put Amazon's logo in your thumbnail too?*

    • @moharramansari3343
      @moharramansari3343 Рік тому +1

      😂😂😂😂

    • @purveshghode5224
      @purveshghode5224 Рік тому +4

      Because firing in Amazon is not a new thing

    • @subham-raj
      @subham-raj Рік тому +4

      @@purveshghode5224 Firing in any company is not a new thing.
      This topic was on mass layoffs.

    • @18lakhvinder18
      @18lakhvinder18 Рік тому

      Gold 😂

    • @SoumyajitBhattacharyay
      @SoumyajitBhattacharyay  Рік тому +26

      Amazon has prohibited me from associating myself with Amazon and putting their logo / name in or on the video. That's why.

  • @ajinkyavidwans4134
    @ajinkyavidwans4134 Рік тому +2

    Thumbnail is on another level 💥🙌🏻
    Grateful for the 'insider' perspective! 🤠

  • @niharatal9138
    @niharatal9138 Рік тому +2

    @soumyajit,
    Your last message of not getting the confidence down is very nice. Keep up the good work. Thanks

  • @vatsayaynbinay160
    @vatsayaynbinay160 Рік тому

    Hey @Soumyajit, first of all amazing video, really a need of the hour. I wanted to ask which has a better wlb on average between principal engineers and similar role in managerial side. Basically I wanted to understand which vertical has better wlb going ahead.

  • @parth2439
    @parth2439 Рік тому +1

    Sir thank you so much for explaining it in detail 🙌🙌

  • @alexjohn9127
    @alexjohn9127 Рік тому

    @soumyajit your thumbnail is very delightful and inspiring. You are an awesome person. Thanks.

  • @trialaccount2244
    @trialaccount2244 Рік тому +3

    Hi Soumyajit,
    I have completed my graduation in 2022 and now I am working in a service based company where my project is covered in NDA. How to deal with this ? I mean how to explain it in interview and how to mention in resume ?

  • @ayushthakur733
    @ayushthakur733 Рік тому

    Keep serving good content

  • @aashukumar1348
    @aashukumar1348 Рік тому +1

    Sir , Thank you for the information. I always like your content. I really need help you in this pls pls do provide suggestions or any opinions from your advice : I am an SE in one the big service based company having 2 yrs of total exp and I am learning and growing to switch to a good product based companies..but seeing the current situation in IT company, I am little bit scared for the current as well as for my future also..should I start preparing for govt job or continue in this domain..i am in big dilemma as right now I have the chance to perform at my best level in either domain..but confused in which I should put my whole effort.. with your experience and knowledge I think you are the right person for me to comment on this🙂

  • @Rn45634
    @Rn45634 Рік тому +2

    When I said about layoffs in Amazon 2-3 months ago, people started hounding me saying that Amazon is very safe, excellent and no impact to tech jobs and so on. Now what happened. What is currently being seen in terms of layoffs, is just the trailer. Once the actual recession kicks in, then see the real story of layoffs.

    • @snghvai
      @snghvai Рік тому

      what do u think lies ahead ?

  • @raagapriya8769
    @raagapriya8769 Рік тому

    Very Informative 👍

  • @ananyaamehra2000
    @ananyaamehra2000 Рік тому

    Hello! Your videos are very helpful. Please make a video on Tata Steel TomorrowLab which has both idea and design challenges. Will be very helpful to understand and participate

  • @viralinstavideofrom
    @viralinstavideofrom Рік тому

    Thanks

  • @sriramgovardhanam
    @sriramgovardhanam Рік тому

    When will this recession stabilize? coz for someone who is aspiring for placing in faang for data related roles, i am wondering what would be the upcoming 4-6 months hiring count in those companies

  • @js__talks
    @js__talks Рік тому +1

    You always give correct information and motivation in bonus 😆

  • @ChadSigma111
    @ChadSigma111 Рік тому +5

    Despite Twitter laying off 50% of the employees, there is no adverse effect on the service.
    Now investors across different companies will question if their workforce is working efficiently or just chilling.
    What do you think Soumyajit?

  • @ashishchiluka8912
    @ashishchiluka8912 Рік тому

    Can you please share the list of companies hiring currently

  • @mihiradarsh7604
    @mihiradarsh7604 Рік тому +1

    First♥️

  • @tech_wizard9315
    @tech_wizard9315 Рік тому +2

    Can you suggest an investment options which consistently gives 12% return annually and provides liquidity.

  • @mohdyahiyakhan4488
    @mohdyahiyakhan4488 Рік тому +1

    Please make a video of companies who have Golang as tech stack.

  • @piyushborude6440
    @piyushborude6440 Рік тому

    When are you going to the 🇺🇸?

  • @rameshtyagi161
    @rameshtyagi161 Рік тому

    Amazon retail to layoff next along with Amazon GO

  • @khageshfirke392
    @khageshfirke392 Рік тому +1

    Do u find big tech or any other companies overstaffed? Are the stories about tech companies being bloated true? What's your take?

  • @raunaknarayan4092
    @raunaknarayan4092 Рік тому

    Form bond waala mast tha

  • @sandeepkumar-eq8nn
    @sandeepkumar-eq8nn Рік тому

    Koi ye bhi batao ye layoffs kab khatam honge

  • @varunrithvikgudluru4904
    @varunrithvikgudluru4904 Рік тому

    Will fresher's be layed off in service based companies in current situation ????

    • @SoumyajitBhattacharyay
      @SoumyajitBhattacharyay  Рік тому +2

      I don't think so. Service based companies typically work on a seperate business model. Infact, they will get chance as contractors in big PBCs

  • @capitalist2646
    @capitalist2646 Рік тому

    This background is nicer than background in rippling video

  • @shubhamverma9148
    @shubhamverma9148 Рік тому

    hii how much engineering manager makes in hand per month in faang?

    • @SoumyajitBhattacharyay
      @SoumyajitBhattacharyay  Рік тому +1

      Depends on the level tbh. But in general the range is around 10-20% more than that of engineers

  • @tejaschauhan8327
    @tejaschauhan8327 Рік тому

    Were u there nr spice garden yday evening? I had seen u

  • @js__talks
    @js__talks Рік тому

    Have you fired anyone as an engineering manager? 🤔

  • @Live-hh6li
    @Live-hh6li Рік тому +1

    Thumbnail op

  • @a.nk.r7209
    @a.nk.r7209 Рік тому

    What happens to the thumb?

  • @imanpandey540
    @imanpandey540 Рік тому

    A software engineer can never be laid-off if happen he/she may get another by acquiring new skills.......simple
    .......why media creating so much hype don't know 😏

  • @ulaula01
    @ulaula01 Рік тому +2

    Thumbnail is next level 🔥🔥

  • @royaltv671
    @royaltv671 Рік тому

    Vaiya😍

  • @aravind.a
    @aravind.a Рік тому

    Dislike for hindi.
    please keep your title in Hindi, if your video is in Hindi.