Message for all Indians.. increase in GDP and economic growth is NOT your job or responsibility.. spend only for need and not for want.. increase in GST is NOT your responsibility.. instead of GST paying vendor.. consider non GST paying alternatives..do not feed to this vulture economic culture..
If I increase GDP what is in it for me ? What is there for my residential community ? Water supply erratic, roads dug up, bus service don't ask, street light who cares ?
@VijayKamat-y1k exactly.. remember apathy is much effective than hate..hate may be violation of legal and constitutional and our clueless idi07$ ruling over use their power over us.. apathy is perfectly legal..😎👍🙏
This country is going nowhere even in a 100 years. Only after we all die will there probably be some improvements. Seek opportunities elsewhere improving the country is not your responsibility. This country is only good if you have money, basically a retirement plan
It starts after our situ becomes like Japan when no one will be willing to join army now if we aren’t willing to go to the frontline & reproduce then them top ones will auto strt sharing the long hoarded wealth but till then they want us to gradually go
Only government doesnt lay off any of its employees irrespective of the productivity. Instead it raises income tax of all the employees of all the companies to pay government employee salary and pensions.
Mass firing is not an Indian phenomenon. It's a VC/Tech phenomenon. This happened in the company I work for in Singapore. It also happened to my friends in the US.
The problem is that the supply of software engineers is much more than the demand. After govt jobs every one wants to be a software engineer. Which is giving lots of leverage to the companies. Bhid chal bhi bahut hai is industry me.
@@NoOne-kx7zs just check the number of such jobs! Core Engineering branches suffering since decade unlike computer science who are suffering since a year or two
@combatninjaturtle there's nothing like 'core engineering ' on global level....thats a term indian college professors came up with. we are heavily lacking in manufacturing sector.... which could be our biggest...due to babuus and their endless beauracratic hurdles. IT dont need much material interaction so it grew....now it's saturated. However civil engineers with experience and skill earn wuite well. Just u would have to be willing to work in smaller areas with contractors. Although one thing is sure...... the glory of IT is never going to return...most of IT grads feom 2-3 years will be unemployed.
He fixed cow protection movement Triple talq Waqf bill He doesn't have time to solve problems with hindus of India rather he is more concerned about the muslims 😢
Bro I am happy for you . I’m your future country , be a good person , teach your kids honest values and being kind . I believe that India is in this situation because we believe that it’s ok to be corrupt. Scam call centres, bribery , stealing and being rude is the way of life . Please do not litter in your future country because that is the reason India is so dirty .
@@bongghosh1987 moved to Canada, it's surely better for me here, but it depends on what you are looking for. For me work life balance and peace of mind is greater than money
Most startup employee in IT earn 4-5x than other. They knew what they were in for. If funding doesnt comes. Jobs cant be saved. Even companies are dying. You cannot make business profitable by law. Most Indian startups were ecommerce of some app and most of them where overvalued. This is just correction happening. When massive hiring was done by startup most IT employee knew that this is hiring to show VC's. Infact most of IT boom in last few year was inflation and it correcting now. I mean Zomato a food delivery platfrom with rented offices is as big as Tata motor a compnay with 100s of showroom and multiple factories. R&D centers and it produces real tangible goods. The whole of India trying to bank on IT for last 20-25 years and shunning manufacturing is showing results.
Narayana Moorthy is one of the worst employers and a companion of Dr. Mansukh Mandaviya. Mr. Modi is relaxed about the talent in his country and many would love him to take cognizance of education and unemployment numbers in the private sector. Legislation should be used for start ups world wide - experience cannot be bought, its what one has undergone.
Unclear business plans and paths to profitability, products not competitive enough, founders often IIT/IIM kids with not much experience and burning cash from their families, VCs and IIX Old Boys network. What else were you expecting?
US can print money and give severance package but India is not in the situation. We have more people to do the same limited number of jobs which is unfortunate for a young population like ours.
Everyone wants to blame tax, entrepreneurs, unemoloyment but no one wants to talk about the absolutely useless quality of graduates coming out of colleges...majority r incompetent and r in college for unknown or wrongreasons😢😢
You are one of employees right. Life is cruel however nobody has right to take advantage of individual’s vulnerability when they are facing difficult situations. Today’s people have apathetic to other’s feelings due to busy lifestyle and competition.
But still the government can change policies of education by which people can get a chance of ups killing and understand new things to graduates while they are in college. Which they are not doing. I see no wrong in corporates showing no empathy towards employees.
with startups, you can never bet on them for your entire career... Working in startups can be for some quick money making for some time or a small shift in your career...but really cannot vouch on it to persist for 30-35 years of your career. Always should have a backup plan if you're working in a startup
On the other side, when an employee get a job in India he/she jumps often in a year or 2 for better pay without thinking much of the morale of the prior employer. Even while holding an offer in hand till the day of joining the company the HR will be praying the employee didn't send a mail he/she got a better offer... If those are justified with we are doing business so we should take opportunity then they are doing the same The US doesn't give job protection like a woman claimed here. There also its hire and fire so if u r competitive then no problem else same like India In Europe, there is a portion of the income tax cut going to a fund to protect us in case there is a job loss but its not free.. its from whole countries employees salary itself so ask yourself will u be ok if this is done in India ? Or complain again about the additional tax then.. ? Nothing ever in the world is free, including job security and health insurance even in the west... But if firing immediately in the western countries we will atleast get good severence package unlike in india where the HR threat the employee to leave else they will leave a bad remark in the experience letter.. now that is typical Indian cheap attitude
Sir to add to it, it all started with long notice periods and how the whole industry still lobbies for it. Also, while firing the same notice period is not followed by the companies so it's more of bonded labour where you are just glorified slaves in India. Reduce the notice period and most of this will be fixed.
Employees are protected in the USA LOLLL The lady (Varsha Jalan Legal Partner) has no idea what she is talking about. Companies like Google Layoff all the time without notices.
This is one of idotic things i have ecer heard , founders is one thing it mainly depends on VC and investor pressure ... atleasts those baniya founder given jobs and alao given chance for fresher to come in markets and gain exp😂
@@ygp47 baniya is hindu jains are not hindu , seems you hate jains , because hindus dont have money making sense i guess they either do frauds or fight for rervations
@@ygp47 seems like you hate jains because your community figjting for resrvations to be backward and your community leaders are in hand with same businessman and you are jealous😂😂
Huge, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please how do I go about it, the year is almost coming to an end, how can I make profit?🎉
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
As a beginner, it is essential that you have a mentor to help you stay accountable. In my case, Miss Luara Clarence has guided me for years and I highly recommend her. I focus on her. To be honest, I'm almost hesitant to let someone take charge of growing my finances, but I'm so glad I did.
15:00 gulsheen said it right on point, I am currently going through the same. My last org was a startup which had same funding problem, did layoffs by enforcing PIPs. As a result many employees like me are facing problem to get a new job as our career timeline shows us as - job hoper.
It's not about technology or any other business common-sense. Start-ups are bad idea of every thing. Their business models are screwed. A decade-ago hardly teenage boys and girls were valued at US$ Billionaires. Even Ratan Tata had to slog to get to the position at the time of his demise. Start-ups were and are burning someone else's cash and person who gives the money is happy because of delusional valuation. Youngsters who worked in big cities for these start-up and stop-downs were and are equally delusional.
There are problems. But most of us are not ready to call this out. Doesn't matter if it's a large scale corporation or a startup, companies can get away with this kind of behaviour in India. They can't in other places. Those are some of the happiest nations. The problem is not that leaders do not care. We are living in a Stockholm syndrome situation. We support abuse by not calling it out
Why are they surprised? Maybe because they are new to the IT industry or just young who thought IT industry is like a good paying Indian government job. Possibly because they thought the boom will never end and they will keep living in their utopia. Anyone who has seen/ experienced the 2000 Dot Com crash and the slaughter that ensued after the crash across the industry knows whenever US interest rate rises and sustains at those higher levels, mass scale layoffs and bankruptcy happen. I was a new graduate and had experienced the massacre early on in my career. So, old veterans who are joked about in the industry know how the IT/ startup industry operates. When my son joined the industry in 2018, I only had one advice for him, keep your expenses low and save as much as possible. Don't look at your peers buying fancy cars, bags, & smartphones, they are fools who have no idea how the industry works. The industry can take you to the skies and in a matter of a second crush you down to hell.
indian markets are not that great in return as expected. when see market closely people are not able to buy or use services more than once as people are still have cash crunch so u can"t expected 200% return from indian market
Don't be a consumer, rather do investment and save and create assets rather than depending on such fancy companies and jobs where neither any protection or a years compensation is available as in many European companies.
Creating assets takes money which the majority of indians don't have. Such ideologies work in the west not 3rd world pseudo superpower countries like India
Comment section is using this video like a standard Liberandu, bashing India and the Government, to put it simply, the trend is seen in Startups and the employees affected are the ones who stagnate. Up-skill and stay away from Startups. Thats the only way to get a secured Job. Also, stop using AI Tools, they will eventually replace you at someday.
While I am in no way condoning the poor planning, if it were the case that caused the firing, but the basic premise of this video is wrong. They are expecting startups to be like govt. jobs - permanent jobs, but with 10 times the salary. This is the nature of the beast, you are paid the premium for the risk. How many have asked the question when mindless recruitments are done? Do the employees complain about the exorbitant salaries they have been hired at? How often have these employess thought if their pay is commensurate with their skills or effort put? At some point of time water will find its level and excess would spill over.
That's how china raised their per capita income by becoming the mfg powerhouse. The red tapism in india makes it harder to set up mfg plants. Hence we gravitated towards service industry
Country the size of india has no option but to manufacture goods to lift the economy. Software companies could give only a certain amount of growth. The oligarchs profiting does not show growth on lower economic strata so the economy becomes stagnant as people stop buying stuff. China had a dip in investment due to trade war with usa but after suffering losses they have bent the knee to usa so now all the investments will go back to china. Manufacturing and r&d is the solution.
THREE KEY POINTS why as an Engineer when you had your experience to break the tag of Fresh stop looking for employment in a startup - 1. Hiring NonTechnicals onto a Technical Role based on some certifications like Azure and Cloud-computing,etc (this puts an entire technical team in a disarray) 2. HR that are not an HR but some Pitty people who barely can understand Human Resources and at the end of the are comparing their own work with an Engineer alongside the comparison of salary too 3. Overloaded MBA hiring and their nonsensical approach of how a business must run (which is bcz CEO is a lad)
All employees should be given mandatory stock options in their package, from day one. Because after the layoffs, stock value always goes up. Basically, employees build the company and the fruits are enjoyed by the board members. Secondly, engg college fees need to be capped. Because even after paying so much there is no guarantee that, you are employable. Or perhaps, there is no need of colleges. Just have online courses.
Employees also share some responsibility when they choose to switch jobs for just a 10% higher compensation, opting for companies that are burning cash instead of those that have been patiently building sustainable businesses over the long term. And if you say you can’t differentiate between cash-burning startups and well-managed ones, better join big companies and stick with them (but then big cos are boring will be your next complaint)
So, every employee should be silent on physical, emotional and financial abuse at the employer’s hands who makes your life hell and then they use you till you are no longer important to them in anyway. Human being should be puppet, I get it know what you are saying. If I am wrong correct it.
what kind of a sick mindset is that? People are free to go wherever they want. Nobody can see or predict if a company is going to fail or stick around.
Yea firing is bad. I myself have been a victim and know about the mental depression. But people who think that we need labour laws like France are wrong. If you are not givng flexibility to companies in firing, then hiring will also lessen. Europe, thats why has less jobs and innovative companies than USA. One thing which i demand is govt reduce notice period to 45 days. This way, conpanies cannot exploit employees because they can fire immediately, but employees are stuck if they resign. Here the anomaly can be rectified.
suddenly s/w engineers have become very expensive after Covid. the one drawing 12-15 lakh package got a package of 60-90 lakh post covid. obviously company will face difficulty to pay them. getting fired is inevitable
I have zero sympathy for these jokers of employees. They took these high paying jobs and were showing off everywhere and did not care to properly manage the money they were getting! you made your bed now lie in it.
Layoffs is one thing and acquisition is another thing. The vulture big service based IT companies buy the smaller product based company's IT services wing and then make the employees resign with unbearable policies and work culture. In US there is anti competition law to put these acquisitions in check but here it's rampant.
I used to remember 10 years ago working at startups were more glorified than working for a corporate job, with their whole “free food” and open space culture hype.
The Indian police is very understaffed for the population size. To help in solving the staff shortage in the police, the police job should be made more attractive to youngsters by improving pay, benefits, career growth, working conditions and solving corruption and political control. This way recruitment will increase and staffing shortage can be minimized. Indian leaders should check out how the UAE police improved their police force to make the job prestigious and improve recruitment.
Big corporates hire people with experience not freshers. Also there is a lot of discrimination during hiring candidates. In india college background matters more than skills sadly.
The same employee who cry foul won't shed a tear when a startup closes down. The cry babies need to work harder to be retained. There is no obligation on behalf of employer to retain them. If so-called talent has a right to switch whenever they want, employers have the right to fire them at their wish. Reality is most of the employees don't care a shit about their own company.
Indians love to always compare with western countries but fail to realize that mass layoffs are a very common thing in the same western countries. We Indians are overreacting because for decades we have lived and worked in a safe cocoon of government jobs or low wage domestic companies.
Its a startup, its the finite delicate time for a company. If it doesn't take appropriate decisions, it would go down under. Think about the risk the founders has to take. The employees should be priority but they have to understand that they are going to work for a startup and there are plenty of uncertainties.
Overnight firing krne se pehle they send PIP notice, which bars you from any payment. Pta nai kahan se saste lawyers and experts laaye h. Bhai thoda reality ka idea bhi rakho na
Naive, it was religious extremism, and we are heading in same direction now. No one can hold the government accountable now, they can always use religion to distract the sheep.
One works in startups,earn invest via stocks in other startups.. earn profits. similarly change job from one to another. One should not be angry , everyone needs to maximize profits.
Well 100% no changes will happen to labor law, govt nor company. However, top talents definitely leave this country. Since, ethics, security nor taxation are more goons or bullys rather then just in misconception of a leader in the end they and their company will end. Automation great! They should completely conquer 75% jobs and process. Then economy will be doomed. Remember your employees are customer of other company it maybe products or services once people have no money then they stop all non needy things. Hope this will realize this system is made by human. Who ever has brought this automation concept must don't know economic. Just for cost cutting they are destroying economy
I hit $106k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Hear me out, layoffs are actually good in the larger picture. Hope is that skilled folks will easily get their next job and companies become healthier. Companies are fighting for their survival and either they layoff 10% or close the company and 100% become jobless Also profits aren't evil. No employee will say no to a hike, but apparently the profits from which they're derived is evil. If the discussion is nuanced on split and sustainability, that makes sense. But its a case by case thing, nothing the govt should try to interfere in
@navneetyadav5275 It's all relative. If your FD gives you 7.5% interest and the company gives 10%, then the investors will obviously ask for more profits. In 2021, didn't the same companies go crazy with massive hikes especially for new hires, don't remember folks asking people to accept lower offers. Definitely there will be corporate greed or investor greed but how do you differentiate between survival and greed. 20% is survival, but 25 is greed ?
@@prakashr7011 who told you company has given hike even nagorro has lesser there package now. Except for a handful of people everything is the same and now the organisation has stopped hiring you can check on their career page they are doing sub vendor for each and every thing.
If you are in IT, 1. Keep jumping company in every 1 year to 3 year and save money investing is most important 2. Figure out what is essential survival income needed and work on that target 3. Have personal life and health insurance 4.If buying house/flat ensure that the cost is as minimal as possible 5.What ever you invest in ensure it can be liquidated easily and has potential for cash generation 6. Do your own homework on investment whether it stocks or real estate. And don't trust any friend/relative for investment 7. Keep upskilling every 3 years 8. Save enough which can sustain your family for next 40years
Principal of Cronies only to care about it’s profit then why would he care about corporate term ‘We’ and other corporate noise..so it’s contract of slavery till the slave benefits.
Non IT people need to understand that IT people dont even spit on narayana murthys company,i personally know many who boycott this company including me.duh.its a sweatshop,please refrain from entertaining boomer company ffs
Employees should not feel entitled to their jobs. While it's true that employers should have planned well but also no one forced the employees to apply to these companies. I am an employee myself but I can't be biased that employers are the problem. To all employees, if you know startups are risky, then simply don't apply. Upskill yourself and apply to COMPARITIVELY stable companies. Don't get attracted by high offers from startups and regret later.
Think your job a project , there will be many projects, there will be flops and mega leaps. Once you are done with your project move on to next one. If you are One of CXOs or senior MD then stay, i mean rest will make you stay anyway.
If I have proficient knowledge on Java and python based development. Why on earth I'm going to waste my time on Indian start ups? I will go and join GCCs which offers more money and parks. Even if I want to join start up I will prefer US based start up. Don't ruin your carrer tryto work under White skin.
Irrelevant and defensive approch to nonsense by hr to cut cost.....sidha sidha bolo ki high kaman se order aye hai fire karne ke ...sab bahane hain .......I was also an hr at that time
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Message for all Indians.. increase in GDP and economic growth is NOT your job or responsibility.. spend only for need and not for want.. increase in GST is NOT your responsibility.. instead of GST paying vendor.. consider non GST paying alternatives..do not feed to this vulture economic culture..
If I increase GDP what is in it for me ?
What is there for my residential community ? Water supply erratic, roads dug up, bus service don't ask, street light who cares ?
@VijayKamat-y1k exactly.. remember apathy is much effective than hate..hate may be violation of legal and constitutional and our clueless idi07$ ruling over use their power over us.. apathy is perfectly legal..😎👍🙏
@@VijayKamat-y1kthats what op said ...
Vote and vote wisely. Elect intellectual better people.
Yes
Mint should not call Infosys founder Narayana Murthy for interviews , his company is one among the exploiters!!
biggest exploiter.
he is a wretched rich man...shameless
I have been fired from Infosys in 2022... Later on they fired multiple freshers... And there profit surged after that
True
Be it education system or Job market in India it's completely dirty
Like your chaddi, the Education or the Job market is pretty well in India. Stop being lazy and upskill.
LACK OF LABOUR LAWS
This country is going nowhere even in a 100 years. Only after we all die will there probably be some improvements. Seek opportunities elsewhere improving the country is not your responsibility. This country is only good if you have money, basically a retirement plan
It starts after our situ becomes like Japan when no one will be willing to join army now if we aren’t willing to go to the frontline & reproduce then them top ones will auto strt sharing the long hoarded wealth but till then they want us to gradually go
if you cant change your country, change the country
That’s a great advice
@@aditya3david देश बदलने से हालत नहीं बदलते
That's because of our regressive society.
Only government doesnt lay off any of its employees irrespective of the productivity. Instead it raises income tax of all the employees of all the companies to pay government employee salary and pensions.
Need DOGE in india
Why should the government fire its employees? They are not a startup.
@@yudhistirs we taxpayers are stakeholders of government employees. We pay their salary
@@yudhistirs because they don't do their job
When have income tax rates been increased in last 10 years?
Job market in india is worst. Employers treat their employees like slaves.
Employees in India are also worst. Highly unskilled and very low value creation.
100%
really bro then how it companies making profit out of thin air?
@@carthicss1according to you who is a skilled worker ?
@@carthicss1everyone deserves a chance and btw it’s never enough in the modern days for the corporates. They want you to do more for peanuts
People barelly know their rights , even if they do justice system will make you give up and the expense following
Mass firing is not an Indian phenomenon. It's a VC/Tech phenomenon. This happened in the company I work for in Singapore. It also happened to my friends in the US.
The problem is that the supply of software engineers is much more than the demand.
After govt jobs every one wants to be a software engineer. Which is giving lots of leverage to the companies.
Bhid chal bhi bahut hai is industry me.
True. Indians should stop having kids, especially UP, Bihar states
Govt or it sectors kay alawa or kismay 1 lakh per month hai.. Lakhs of job and every salary is around 50k to 1 lakh per month..
@@N7_YESwell high earning civil engineers earn way more....but that isn't a white-collar job..that most indians want
@@NoOne-kx7zs just check the number of such jobs! Core Engineering branches suffering since decade unlike computer science who are suffering since a year or two
@combatninjaturtle there's nothing like 'core engineering ' on global level....thats a term indian college professors came up with.
we are heavily lacking in manufacturing sector.... which could be our biggest...due to babuus and their endless beauracratic hurdles.
IT dont need much material interaction so it grew....now it's saturated.
However civil engineers with experience and skill earn wuite well.
Just u would have to be willing to work in smaller areas with contractors.
Although one thing is sure...... the glory of IT is never going to return...most of IT grads feom 2-3 years will be unemployed.
Well there is a labor minister in India his name is Dr. Mansukh Mandaviya
he is busy in pulling hindus out of danger
😂😂😂😂😂
Yes people voted him to do so
8:45 Modi should be ashamed. He won’t fix labour laws, divorce laws, legalising prenup, etc. A decade of full majority is wasted
EXACTLY. U READ MY MIND. CAN U AND I BE FRIENDS?
He fixed cow protection movement
Triple talq
Waqf bill
He doesn't have time to solve problems with hindus of India rather he is more concerned about the muslims 😢
Hindu Rashtra 🤡
Just building roads, just a gujju business helping mind, nothing else matters.
Yes you are right
As someone who has had the fortune of being laid off 3 times, i can attest to this. I packed up and moved from India, best decision ever.....
Where did you shift? Is it good?
Bro I am happy for you . I’m your future country , be a good person , teach your kids honest values and being kind .
I believe that India is in this situation because we believe that it’s ok to be corrupt.
Scam call centres, bribery , stealing and being rude is the way of life . Please do not litter in your future country because that is the reason India is so dirty .
@@bongghosh1987 moved to Canada, it's surely better for me here, but it depends on what you are looking for. For me work life balance and peace of mind is greater than money
On RUclips you can certainly see anti immigrant feeling among Canadians. Do you feel that?
@@daakuredpanda5782 Its only in low wage situations, not in corporate settings, if you have the skill you get hired.
Most startup employee in IT earn 4-5x than other. They knew what they were in for. If funding doesnt comes. Jobs cant be saved. Even companies are dying. You cannot make business profitable by law. Most Indian startups were ecommerce of some app and most of them where overvalued. This is just correction happening. When massive hiring was done by startup most IT employee knew that this is hiring to show VC's.
Infact most of IT boom in last few year was inflation and it correcting now. I mean Zomato a food delivery platfrom with rented offices is as big as Tata motor a compnay with 100s of showroom and multiple factories. R&D centers and it produces real tangible goods. The whole of India trying to bank on IT for last 20-25 years and shunning manufacturing is showing results.
When you have to resign: 90 day notice period 🤔
When they want to terminate: No notice. Immediate. ✅
Wake up to reality
Narayana Moorthy is one of the worst employers and a companion of Dr. Mansukh Mandaviya. Mr. Modi is relaxed about the talent in his country and many would love him to take cognizance of education and unemployment numbers in the private sector. Legislation should be used for start ups world wide - experience cannot be bought, its what one has undergone.
Start-ups in India are paper tigers. They don't show the real picture to even VCs . Where are jobs anyways?. Very tough time for the youths.
no competition between coorporates, it is only the people in the bottom fighting between them.
Unclear business plans and paths to profitability, products not competitive enough, founders often IIT/IIM kids with not much experience and burning cash from their families, VCs and IIX Old Boys network.
What else were you expecting?
Just don't join them, no one is forcing people. No one was complaining when they were making silicon valley level salaries
US can print money and give severance package but India is not in the situation.
We have more people to do the same limited number of jobs which is unfortunate for a young population like ours.
If we start printing money like US, Indian economy is bound to become shamelessly bankrupt.
Everyone wants to blame tax, entrepreneurs, unemoloyment but no one wants to talk about the absolutely useless quality of graduates coming out of colleges...majority r incompetent and r in college for unknown or wrongreasons😢😢
You are one of employees right.
Life is cruel however nobody has right to take advantage of individual’s vulnerability when they are facing difficult situations.
Today’s people have apathetic to other’s feelings due to busy lifestyle and competition.
But still the government can change policies of education by which people can get a chance of ups killing and understand new things to graduates while they are in college. Which they are not doing. I see no wrong in corporates showing no empathy towards employees.
Absolutely true! The productivity of most people in the Indian workforce is very poor.
with startups, you can never bet on them for your entire career... Working in startups can be for some quick money making for some time or a small shift in your career...but really cannot vouch on it to persist for 30-35 years of your career. Always should have a backup plan if you're working in a startup
On the other side, when an employee get a job in India he/she jumps often in a year or 2 for better pay without thinking much of the morale of the prior employer. Even while holding an offer in hand till the day of joining the company the HR will be praying the employee didn't send a mail he/she got a better offer...
If those are justified with we are doing business so we should take opportunity then they are doing the same
The US doesn't give job protection like a woman claimed here. There also its hire and fire so if u r competitive then no problem else same like India
In Europe, there is a portion of the income tax cut going to a fund to protect us in case there is a job loss but its not free.. its from whole countries employees salary itself so ask yourself will u be ok if this is done in India ? Or complain again about the additional tax then.. ?
Nothing ever in the world is free, including job security and health insurance even in the west...
But if firing immediately in the western countries we will atleast get good severence package unlike in india where the HR threat the employee to leave else they will leave a bad remark in the experience letter.. now that is typical Indian cheap attitude
To bhai income tax kis baat ka le the hain.... Tu mbs buddhi hai 😂😂😂...
Sir to add to it, it all started with long notice periods and how the whole industry still lobbies for it.
Also, while firing the same notice period is not followed by the companies so it's more of bonded labour where you are just glorified slaves in India.
Reduce the notice period and most of this will be fixed.
Employees are protected in the USA LOLLL
The lady (Varsha Jalan Legal Partner) has no idea what she is talking about. Companies like Google Layoff all the time without notices.
It's still leagues better than India
Most of these founders are baniyas and baniyas have huge greed. No doubt employees just goats for them
This is one of idotic things i have ecer heard , founders is one thing it mainly depends on VC and investor pressure ... atleasts those baniya founder given jobs and alao given chance for fresher to come in markets and gain exp😂
jains .. not baniyas of hindus
@@ygp47 baniya is hindu jains are not hindu , seems you hate jains , because hindus dont have money making sense i guess they either do frauds or fight for rervations
@@ygp47 well narayan murthi , lalit modi vijaya malla , all were jains right kch bhi 😂😂😂
@@ygp47 seems like you hate jains because your community figjting for resrvations to be backward and your community leaders are in hand with same businessman and you are jealous😂😂
$80k every 4 weeks! I now have a good house and can now afford anything and also support my family😎
Huge, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please how do I go about it, the year is almost coming to an end, how can I make profit?🎉
Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
As a beginner, it is essential that you have a mentor to help you stay accountable. In my case, Miss Luara Clarence has guided me for years and I highly recommend her. I focus on her. To be honest, I'm almost hesitant to let someone take charge of growing my finances, but I'm so glad I did.
Wow Wow her too Miss Luara Clarence is a remarkable individual whom has brought immense positivity and inspiration into my life.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
15:00 gulsheen said it right on point, I am currently going through the same.
My last org was a startup which had same funding problem, did layoffs by enforcing PIPs. As a result many employees like me are facing problem to get a new job as our career timeline shows us as - job hoper.
Yes you have given us more realistic insights in job market.
It's not about technology or any other business common-sense.
Start-ups are bad idea of every thing. Their business models are screwed.
A decade-ago hardly teenage boys and girls were valued at US$ Billionaires. Even Ratan Tata had to slog to get to the position at the time of his demise.
Start-ups were and are burning someone else's cash and person who gives the money is happy because of delusional valuation.
Youngsters who worked in big cities for these start-up and stop-downs were and are equally delusional.
There are problems. But most of us are not ready to call this out. Doesn't matter if it's a large scale corporation or a startup, companies can get away with this kind of behaviour in India. They can't in other places. Those are some of the happiest nations. The problem is not that leaders do not care. We are living in a Stockholm syndrome situation. We support abuse by not calling it out
We voted for this.
the alternative is much worse, sadly there is no choice except a china or US making us their vasal
Why are they surprised?
Maybe because they are new to the IT industry or just young who thought IT industry is like a good paying Indian government job. Possibly because they thought the boom will never end and they will keep living in their utopia.
Anyone who has seen/ experienced the 2000 Dot Com crash and the slaughter that ensued after the crash across the industry knows whenever US interest rate rises and sustains at those higher levels, mass scale layoffs and bankruptcy happen. I was a new graduate and had experienced the massacre early on in my career. So, old veterans who are joked about in the industry know how the IT/ startup industry operates. When my son joined the industry in 2018, I only had one advice for him, keep your expenses low and save as much as possible. Don't look at your peers buying fancy cars, bags, & smartphones, they are fools who have no idea how the industry works.
The industry can take you to the skies and in a matter of a second crush you down to hell.
Really a sane advice I heard so far thanx a lot
Still his career must be suited to him otherwise he will be issues with it.
How can these guys complaining about their job security when long ago the government and private were crushing laws for the labourers😂😂😂😂😂😂
indian markets are not that great in return as expected. when see market closely people are not able to buy or use services more than once as people are still have cash crunch so u can"t expected 200% return from indian market
india need better labour laws... and gud labour courts .. startup are biggest scam going in india..fake startup valuation is also a issue
It will take 100 yr tohappen we have illiterate people ruling us and a corrupt system
I have a pokora shop outside the company i worked and i make more than the ceo of the company
Where bro
Don't be a consumer, rather do investment and save and create assets rather than depending on such fancy companies and jobs where neither any protection or a years compensation is available as in many European companies.
Even your assets are being taxed, you cant even invest anymore and get benifit out of it without handing out 50% to government
Creating assets takes money which the majority of indians don't have. Such ideologies work in the west not 3rd world pseudo superpower countries like India
Comment section is using this video like a standard Liberandu, bashing India and the Government, to put it simply, the trend is seen in Startups and the employees affected are the ones who stagnate. Up-skill and stay away from Startups. Thats the only way to get a secured Job. Also, stop using AI Tools, they will eventually replace you at someday.
Imagine anchor himself getting fired that day 😂😂
While I am in no way condoning the poor planning, if it were the case that caused the firing, but the basic premise of this video is wrong.
They are expecting startups to be like govt. jobs - permanent jobs, but with 10 times the salary. This is the nature of the beast, you are paid the premium for the risk.
How many have asked the question when mindless recruitments are done? Do the employees complain about the exorbitant salaries they have been hired at? How often have these employess thought if their pay is commensurate with their skills or effort put?
At some point of time water will find its level and excess would spill over.
Maybe we should focus on manufacturing hard goods than service sector which is getting replaced by AI.
That's how china raised their per capita income by becoming the mfg powerhouse. The red tapism in india makes it harder to set up mfg plants. Hence we gravitated towards service industry
No cow protection in cities, eating garbage all the time
Country the size of india has no option but to manufacture goods to lift the economy. Software companies could give only a certain amount of growth. The oligarchs profiting does not show growth on lower economic strata so the economy becomes stagnant as people stop buying stuff. China had a dip in investment due to trade war with usa but after suffering losses they have bent the knee to usa so now all the investments will go back to china. Manufacturing and r&d is the solution.
No one is safe anywhere, workforce in entire world is facing the same challenges minus the old money.
When employees are overpaid in startups, they dont complain... They now complain because their lifestyle will be affected at normal paid jobs.
Thank you for this report
THREE KEY POINTS why as an Engineer when you had your experience to break the tag of Fresh stop looking for employment in a startup -
1. Hiring NonTechnicals onto a Technical Role based on some certifications like Azure and Cloud-computing,etc (this puts an entire technical team in a disarray)
2. HR that are not an HR but some Pitty people who barely can understand Human Resources and at the end of the are comparing their own work with an Engineer alongside the comparison of salary too
3. Overloaded MBA hiring and their nonsensical approach of how a business must run (which is bcz CEO is a lad)
All employees should be given mandatory stock options in their package, from day one.
Because after the layoffs, stock value always goes up.
Basically, employees build the company and the fruits are enjoyed by the board members.
Secondly, engg college fees need to be capped. Because even after paying so much there is no guarantee that, you are employable. Or perhaps, there is no need of colleges. Just have online courses.
Employees also share some responsibility when they choose to switch jobs for just a 10% higher compensation, opting for companies that are burning cash instead of those that have been patiently building sustainable businesses over the long term.
And if you say you can’t differentiate between cash-burning startups and well-managed ones, better join big companies and stick with them (but then big cos are boring will be your next complaint)
So, every employee should be silent on physical, emotional and financial abuse at the employer’s hands who makes your life hell and then they use you till you are no longer important to them in anyway. Human being should be puppet, I get it know what you are saying.
If I am wrong correct it.
what kind of a sick mindset is that? People are free to go wherever they want. Nobody can see or predict if a company is going to fail or stick around.
Yea firing is bad. I myself have been a victim and know about the mental depression.
But people who think that we need labour laws like France are wrong. If you are not givng flexibility to companies in firing, then hiring will also lessen. Europe, thats why has less jobs and innovative companies than USA.
One thing which i demand is govt reduce notice period to 45 days. This way, conpanies cannot exploit employees because they can fire immediately, but employees are stuck if they resign. Here the anomaly can be rectified.
No work Job secutity reservations are not possible in buisiness.- is it possible to provide job secutity for ouse maids?
suddenly s/w engineers have become very expensive after Covid.
the one drawing 12-15 lakh package got a package of 60-90 lakh post covid.
obviously company will face difficulty to pay them.
getting fired is inevitable
I have zero sympathy for these jokers of employees. They took these high paying jobs and were showing off everywhere and did not care to properly manage the money they were getting! you made your bed now lie in it.
19:00 we are in no position to negotiate 😂
Noise dude the most toxic and selfish startup
True. Sadly I am the employee in the same company.
@michaelschwartz3208 ohh... I Ieft the company a few months back
The best way staying secure in the uncertain world is to remain debt free
Layoffs is one thing and acquisition is another thing. The vulture big service based IT companies buy the smaller product based company's IT services wing and then make the employees resign with unbearable policies and work culture. In US there is anti competition law to put these acquisitions in check but here it's rampant.
suddenly no mandir-mashjid? no hypernationalism? media talking about jobs and welfare! this is too funny
I used to remember 10 years ago working at startups were more glorified than working for a corporate job, with their whole “free food” and open space culture hype.
The Indian police is very understaffed for the population size.
To help in solving the staff shortage in the police, the police job should be made more attractive to youngsters by improving pay, benefits, career growth, working conditions and solving corruption and political control. This way recruitment will increase and staffing shortage can be minimized.
Indian leaders should check out how the UAE police improved their police force to make the job prestigious and improve recruitment.
Startups are risky ventures so why complain? If employees want job stability, we have big corporates
Big corporates hire people with experience not freshers. Also there is a lot of discrimination during hiring candidates. In india college background matters more than skills sadly.
The same employee who cry foul won't shed a tear when a startup closes down.
The cry babies need to work harder to be retained. There is no obligation on behalf of employer to retain them.
If so-called talent has a right to switch whenever they want, employers have the right to fire them at their wish. Reality is most of the employees don't care a shit about their own company.
Why would they though? They are just there to do the work and get paid. It's not like they own the company.
Indians love to always compare with western countries but fail to realize that mass layoffs are a very common thing in the same western countries. We Indians are overreacting because for decades we have lived and worked in a safe cocoon of government jobs or low wage domestic companies.
Big companies are also doing the same...
Its a startup, its the finite delicate time for a company. If it doesn't take appropriate decisions, it would go down under. Think about the risk the founders has to take.
The employees should be priority but they have to understand that they are going to work for a startup and there are plenty of uncertainties.
Overnight firing krne se pehle they send PIP notice, which bars you from any payment.
Pta nai kahan se saste lawyers and experts laaye h. Bhai thoda reality ka idea bhi rakho na
we need better contracts, flexibility for work to bypass china in growth not by working 70hr per week, but no one want to talk about that
But still capitalism is what saves us from becoming Pakistan. And I'm thankful for that.
Naive, it was religious extremism, and we are heading in same direction now. No one can hold the government accountable now, they can always use religion to distract the sheep.
One works in startups,earn invest via stocks in other startups.. earn profits. similarly change job from one to another.
One should not be angry , everyone needs to maximize profits.
So, VCs are the main problem
revenue not returns.
Well 100% no changes will happen to labor law, govt nor company. However, top talents definitely leave this country. Since, ethics, security nor taxation are more goons or bullys rather then just in misconception of a leader in the end they and their company will end.
Automation great! They should completely conquer 75% jobs and process. Then economy will be doomed.
Remember your employees are customer of other company it maybe products or services once people have no money then they stop all non needy things.
Hope this will realize this system is made by human. Who ever has brought this automation concept must don't know economic. Just for cost cutting they are destroying economy
Their new tactic, cull the sheep "Overpopulation", we are just sheep running these big engines, when our utility is finished, we will be disposed.
Hire & Fire policy is good for economy
Please add subtitles whenever they speak in their native languages. I don't get it
I hit $106k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
I also want to earn like you
45 year should be retirement age , so increase your salary even if it means changing companies every year so that by 45 you should have 2 cr with you
Hear me out, layoffs are actually good in the larger picture. Hope is that skilled folks will easily get their next job and companies become healthier.
Companies are fighting for their survival and either they layoff 10% or close the company and 100% become jobless
Also profits aren't evil. No employee will say no to a hike, but apparently the profits from which they're derived is evil. If the discussion is nuanced on split and sustainability, that makes sense. But its a case by case thing, nothing the govt should try to interfere in
Completely incorrect thoughts of yours. Employees are saying no to hoke despite having all time high profits and revenue.
@navneetyadav5275 It's all relative. If your FD gives you 7.5% interest and the company gives 10%, then the investors will obviously ask for more profits. In 2021, didn't the same companies go crazy with massive hikes especially for new hires, don't remember folks asking people to accept lower offers.
Definitely there will be corporate greed or investor greed but how do you differentiate between survival and greed. 20% is survival, but 25 is greed ?
@@prakashr7011 who told you company has given hike even nagorro has lesser there package now. Except for a handful of people everything is the same and now the organisation has stopped hiring you can check on their career page they are doing sub vendor for each and every thing.
Reminder: These are the same employees who had been roaring that - pay peanuts you will get monkeys. Treat us as per market.
Startup business at the time of inflation will fail miserably as people dont have enough money to spend and these businesses will endup soon.
If you are in IT, 1. Keep jumping company in every 1 year to 3 year and save money investing is most important 2. Figure out what is essential survival income needed and work on that target 3. Have personal life and health insurance 4.If buying house/flat ensure that the cost is as minimal as possible 5.What ever you invest in ensure it can be liquidated easily and has potential for cash generation 6. Do your own homework on investment whether it stocks or real estate. And don't trust any friend/relative for investment 7. Keep upskilling every 3 years 8. Save enough which can sustain your family for next 40years
Given the taxation rate and inflation, that seems a tall order.
health insurance is a scam,beware...
Principal of Cronies only to care about it’s profit then why would he care about corporate term ‘We’ and other corporate noise..so it’s contract of slavery till the slave benefits.
Humans want work life balance, AI will happily do their work.
Nothing did for private employee welfare
High Risk High Rewards isnt that the deal?
Employees also move for 5% hole over long term stability
India s Feudal system is the problem
In the corner somewhere, Nirmala ji is smiling
west out sources their jobs here just for the poor labour laws & lower cost of hiring
Chaotic era
That click sound hurting alot in ears.
Non IT people need to understand that IT people dont even spit on narayana murthys company,i personally know many who boycott this company including me.duh.its a sweatshop,please refrain from entertaining boomer company ffs
10 years of jhumla sarkar couldnt fix a thing
Deny Defend Depose
China like conditions ?
Employees should not feel entitled to their jobs. While it's true that employers should have planned well but also no one forced the employees to apply to these companies. I am an employee myself but I can't be biased that employers are the problem. To all employees, if you know startups are risky, then simply don't apply. Upskill yourself and apply to COMPARITIVELY stable companies. Don't get attracted by high offers from startups and regret later.
🎉
Think your job a project , there will be many projects, there will be flops and mega leaps. Once you are done with your project move on to next one. If you are One of CXOs or senior MD then stay, i mean rest will make you stay anyway.
If I have proficient knowledge on Java and python based development. Why on earth I'm going to waste my time on Indian start ups? I will go and join GCCs which offers more money and parks.
Even if I want to join start up I will prefer US based start up.
Don't ruin your carrer tryto work under White skin.
Irrelevant and defensive approch to nonsense by hr to cut cost.....sidha sidha bolo ki high kaman se order aye hai fire karne ke ...sab bahane hain .......I was also an hr at that time
PLEASE lower your intro sound.