Laysoffs are happening throughout India. Big tech companies like Twitter, Amazon, ShareChat, and Meta Inc. are firing people due to decrease in project demand. Companies like Koo, Pinnacle solution, MirrorAR hire these people because they are ready to work for less salary. So for companies, it is a great time to hire great talent for less money.
Experts said, is a good opportunity to hire talented people from large firms since they are on the market at reasonable salaries.
Though the absolute hiring number is not huge since Indian startups are themselves going through funding woes, the roles span product, growth, digital marketing and analytics.
“These (Big Tech) companies have strong technology products which need cutting-edge skills. This means employees can bring these processes, learnings and coding into organisations that they’re joining. The quality from these companies is generally superior. Companies can use this quality to improve their products, offering and digital roadmap,” Sivaram said.
“They’re staring at either unemployment or reduced salaries at places that weren’t in their top 10 workplaces (list). There’s no guarantee of stability at a local firm they join. But yes, they can make a difference with their tech exposure and skills, provided their future Indian employers are open to change and new ideas, rather than saying ‘you’re not in Google anymore, this is how we do it here’,” Roy said.
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