Don't Join a company without watching this! | Impact of Recession | Risky times ahead - Honest talks

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Microsoft has already laid off more than 1000 permanent employess and while Elon Musk plans to lay off more than 75% of Twitter staff, the current market, economic and geo political conditions are not good at all!
Lay offs are coming, whether you believe it or not! But who all will be most impacted and uptil what time will it continue? Should we switch jobs right now or wait a bit to see where the situation is heading towrads!
Which companies have enacted an hiring freeze and why this is becoming an issue rigth now!
All of these questions will be answered in this video! 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
1:27 - Recent industry trends Layoffs & hiring Freeze
2:32 - Hiring completely stopped?
3:46 - Why hiring Freeze?
4:19 - Till when will it continue?
5:17 - Who is impacted?
6:18 - Should you switch jobs right now?
8:42 - Conclusion
Tags & hashtags:
#recession #layoffs #google #jobsearch #jobsinuk #jobsinLondon #top10jobs #usa #uk #germany #europe #abroad #bloomberg #Uber #Microsoft #google #low #level #design #lowleveldesign #soumyajit #bhattacharyay #bhattacharya #system #design #faang #facebook #code #interviewExperience #London #SoftwareInterview #SDE #SDE2 #DS #dataStructure #interviews #microsoft #techsalary #IndiaSalary #booking.com #salary #atlassian #yugabyte #microsoftEngineer #googleEngineer #googleindia #agoda #cohesity #compass #twilio #tekio #gojek #tokopedia #stripe #snowflake #nutanix #confluent #uber #towerResearch #graviton #quadeye #react #javascript #namastejavascript #frontendInterviews #interviewexperience #alphagrep #cred
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Опубликовано:

21 июл 2024

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Комментарии : 181

@sanketh768 Год назад

Thanks man, i was just thinking of this topic and got this video. But just my thoughts, Probably after recession is over, they will hire aggressively we might get to do offer shopping as well

@SoumyajitBhattacharyay Год назад

Could be

@lavanyakona3300 Год назад

Hello Soumyajit, big fan of your content! I currently work for a startup in edtech ecosystem. Should I switch at this point to be on safe side in coming months? Also it would be great if you can make a video on current situation with edtech startups

@gitanjalikumari9262 Год назад

Thank you..just great content!!

@SoumyajitBhattacharyay Год назад

Glad you enjoyed it!

@perumandlaramyasri6071 Год назад

It's been a year in cognizant. But we are still in bench no project has been assigned yet. How much effect of recession will be there on us?

@vaibhavkumar912 Год назад

Great video man

@sonusahu6163 Год назад

Bhaiya eagerly waiting for - savings of engineer in Switzerland and top companies that hire.

@sunilkumarj2499 Год назад

Well said bro supper anaysis i felt same here thanks a lot for this golden suggestion

@SoumyajitBhattacharyay Год назад

Always welcome

@radhikagadve Год назад

Just preparing for the switch thanks for the video

@aadridanand Год назад

Can you make a video on which are the critical job positions that these companies are still hiring for during these hiring freeze.

@KUPS_THIRUPATHI Год назад

Please make a vedio about situations in service based companies. Iam 2022 pass out received offer letters from 3 service based companies but none of them released the DOJs yet. What should I do now?? Please answer

@aj-lan284 Год назад

Hey, Can you make a video that how to manage expenses, EMIs and other stuff when such layoffs started? For a Family person....

@rishabhgupta734 Год назад

One of my friends is already in notice period. Does she need to ask her previous company to take her back?

@shyanroychoudhury1321 Год назад

I am a fresher from 2022. I am waiting for my doj from a service based company. It’s been a few months since my training. Most of the people from my training domain(ETL) didn’t receive our doj. And it is getting delayed every month.

@tusharsolanki8564 Год назад

Is it big mnc?

@VK-gl8dl Год назад

CTS?

@shyanroychoudhury1321 Год назад

@@VK-gl8dl yes

@tusharsolanki8564 Год назад

@@shyanroychoudhury1321 now what will you do? Package is very low too

@Akshay12511 Год назад

Thankz for this

@manojd8364 Год назад

What about Network Security domain?? Will recession effect on Network Security Domain????

@shubhamraj5853 Год назад

Very informative.

@murugeshk561 Год назад

Hello Soumyajith , firstly a big thanks for your informative videos. Though your videos are apprehensible, my humble suggestion is try to maintain more english in your video as it will help for non hindi viewers like me 🤞🏻😊

@tgow7304 Год назад

sir what should freshers be doing now? if we are in our 3rd or 4th year?

@ManishGupta-de9qf Год назад

By few months, how many months do you mean?

@mohammedyasar9303 Год назад

Any suggestions regarding service base company? Most of the service base companies were mass hiring freshers from last 6 month's.. most of them are on bench. How would this situation impact them. Please provide some information regarding this topic.

@JN_Abdulla Год назад

Yes many wanted to know this suggest regarding this

@madhusaivemulamada3556 Год назад

We want company review series back

@madetolaugh3476 Год назад

Sarkari Naukri ki tyaari karni padegi ab 🙂

@LifeTechJourney Год назад

I got offer from capgemini but didn't get joining yet what should I do wait or trying startup? Plz guid Me I am mechanical guy

@harshitsoni656 Год назад

I have joined a company in january as a fresher I have been on bench since. What should i do should i switch or stay here.

@varunakarniya Год назад

Hi, that is a very insightful video thank you for sharing. I have one question, I wanted to switch into data domain currently (data analyst or engineer) but by analyzing current situation I should definitely wait till next year Q2. I have 3 years of non Data domain experience right now, how should I approach in switching my domain and how should I try to showcase that I am a good fit for the role. Should I show my personal projects in resume? Bcoz my professional experience might not be exactly relevant to Data domain. Thank you in advance.

@shreyash8273 Год назад

What's your current domain developer ?

@varunakarniya Год назад

@@shreyash8273 it's IT Audit

@codeserra Год назад

You can 1. initiate Proof of concepts or productivity improvement ideas using AI Ml in your current project. 2. Write blogs on medium and linkedin to get more recuiters views on your linkedin, it can also act as your portfolio. 3. Do couple of personal projects that you can discuss in interview. 4. Try switiching role within company to data analyst.

@varunakarniya Год назад

@@codeserra Thank you very much for these wonderful suggestions, i am currently working on making a move LinkedIn profile, posting and upskilling. Last point mentioned, i am trying it almost every week but dependency on me in my current project is high so I am not getting release that easily

@madmax6914 Год назад

Any idea about Amazon? Is it safe to join being a fresher as I have another offer from one of the banks which is more reliable but obviously pays less than Amazon and also not very good amount of projects compared to Amazon

@eren-qu9uu Год назад

i think at amazon it purely depend on luck , if u are lucky u have to work atmax 8 hours else u have to work everytime

@StanSelfLove Год назад

Obviously Amazon

@shwetagurnani2784 Год назад

Amazing video 🔥

@SoumyajitBhattacharyay Год назад

Thanks so much 😊

@rishitagawade8163 Год назад

Bhaiya can you plzz tell I am 4th year computer engineering student so placement is going on so will company will come or not now for campus placement in college or what chances in 2023 in January and February

@VIVEKSINGH-pc4lb Год назад

why did you not mentioned the amazon ? they are also doing layoff. right?

@SoumyajitBhattacharyay Год назад

Right now yes. Not at the time of posting the video. :)

@dhirajsonawane3720 Год назад

Sir Is Twillio, MasterCard or Nuance Communication ( acquired by microsoft company) safe to join?

@SahilSingh-rj4ky Год назад

Twillio recently had layoffs

@arunyedd8992 Год назад

Well, i don't think there's any recession in indian market. Infact, india is providing more hikes this time than any other country. So for exp people they can get multiple offers but for freshers its somewat difficult to get.

@sanjiwanipole3666 Год назад

Yes that is true, still getting many calls in a day

@SoumyajitBhattacharyay Год назад

A lot of companies in india are doing layoffs right now and hiring freeze is there at all the major companies and start ups. I would be a bit warry for companies hiring like crazy now.

@void6392 Год назад

Some companies like atlassian are still hiring like crazy

@angeshwaran Год назад

watching this while on notice is kinda scary. My DOJ is next week with one of the companies mentioned in this video lol

@vandanasingh3678 Год назад

Same bro

@TheRajeev075 Год назад

Same bro!!

@aksharsharma4054 Год назад

Philips, a healthcare giant has announced 4000 layoffs globally.

@DivyanshGoyal0506 Год назад

I am happy that india has now a strong startup culture and our iitians are now building companies in India.

@anuragpati7167 Год назад

I am a student right now...and I want to join IT INDUSTRY, but what scares me is RECESSION AND LAYOFFS...my batch will be 2026...I just want to know, is every year this recession and layoffs happening in India? Literally scared about career 🙂

@sw_2421 Год назад

Abe yede 6-7 mahine tak rehta hai recession ka problem 2026 tak sab normal rehga..

@Vihana_vlog Год назад

Can i join as a Contractor in Citrix or join startup company ?

@kanchankrdas5387 Год назад

I got an offer from a big four. Going to join on 14th of November. Is it safe to join a big 4 at this time.

@jinniesrego9708 Год назад

Should we go for 6 month internships or any internships during a recession considering less chances of PPO?

@Yash-mz1st Год назад

@acdcacdcacdc Год назад

Free baithe ho aur opportunity milri hai toh karlo na, paise toh milenge hi, and experience 6 months intern ka, resume strong hoga. Likha toh kahi nahi hai ki layoff ya revoke hoga :)

@Rn45634 Год назад

When Twitter CEO Parag himself doesn't have job security, what about the ordinary techies like us? Edit: I am just referring to the job security aspect, not the reason or severance package etc. Hope this clarifies

@light_king5847 Год назад

What nonsense u r talking... Parag was fired when musk took over... It was known.... Bt he was paid so much

@tirthpatel4624 Год назад

He will get 42 million $ as payout....its more than lifetime job security at Faang...

@333trr333 Год назад

They don’t need job security. They are secured even before joining the job. Huge compensation of 40million $ on termination of job before tenure, enough to move back to India and spend the rest of the life relaxing and chilling

@ashishmeshram8688 Год назад

But they have huge money after layoff

@vbnandu867 Год назад

He got a years worth of base salary and accelerated equity. You can't compare us to him

@shivamupadhyay8147 Год назад

I have offer from Adobe for Sr. Technical consultant. Joining date is in December. Should I join? Please help.

@piyush2738 Год назад

I have one question: If big Tech companies have backup with them, if they can bear the recession then why they are doing layOffs. Please answer.

@AK-yd7fx Год назад

🤣 ye sawal hi galat h bhaiya naukri krte ho aaap maalik ni ho.

@AK-yd7fx Год назад

unhe ghanta farak ni padta h employee or uski family se unko business ko run krna h or uske ke liye vo jo chahe vo krenge.

@krosskulture23 Год назад

This is like asking why accidents are happening when there are so many traffic rules

@farhanislam4693 Год назад

Thank you so much. This is so helpful.

@SoumyajitBhattacharyay Год назад

You're so welcome!

@PankajGupta-jz2gb Год назад

What different you told which is not in the news or social media? You are just saying what is in the media.

@PankajGupta-jz2gb Год назад

If you are experienced enough, my message would be, don't give a shit about what people say. Everyone will fool you. Do what you like instead of just thinking of a job/money/job security, do something of your own. If you are an investor, this is the best time. If you want to do a startup, this is the best time. If you want to change jobs, this is the best time, you are going to get many more RSUs than kids who joined a year back. If you are a fresher or novice, listen to Soumyajit's advice.

@samyakbakliwal8275 Год назад

How safe is it to join banking firms like Wells Fargo in 2023?

@5376-u2e Год назад

Engineering manager @ faang means? Is faang a company? I thought it was a group of companies, and you won't be able to work in all of them at once. Please enlighten me

@SoumyajitBhattacharyay Год назад

Yes that is correct. But my company has forbidden me from writing the company name or using it in any of my videos. Hence this work around. Rest you can check me out in LinkedIn. The link to which is in the description below

@shreyanshsharma8909 Год назад

Intro music?

@akashadhikari5931 Год назад

east or west Govt. job is best age up salary up

@sanam2405 Год назад

How is Razorpay as a start-up to join now?

@SAGARGOWDA Год назад

Fentastic 👍

@de_ansh Год назад

Hello sir, currently, I'm a final-year student and I have been doing full-time internships for various start-ups and handling significant parts of the projects. So, my question is can I apply for the opening for 1 year of experience or I'll be still considered a fresher? I'm quite confused because most of the companies are having a hiring freeze right now.. and I'm quite confused and also scared for my career.

@aryanyadav3381 Год назад

Most of the companies do not consider internship as a experience. So ,You can apply as a fresher.

@de_ansh Год назад

@@aryanyadav3381 ok Thank you

@venkateshkamana5722 Год назад

Please don't believe negative news about software sector,, IT boom will never go down in world,, there r always doors open for talented people in IT sector.finally there is no recession.

@aryanyadav3381 Год назад

@@Theactualstoic Ok, Bro , Just visit the job postings of Amazon and Linkedin.

@SoumyajitBhattacharyay Год назад

In Amazon there is a hiring freeze for next few months at the very least. Uber will start layoffs now.

@pseudovibes6659 Год назад

I have a question like right now I am working in cognizant as role of programmer analyst trainie at a package of 4Lpa, and that's too in a. Support role...now I got an offer from low's India(Bangalore) at 250% hike as a associate software engineer ...is it worth to switch?

@jayeshpawar9792 Год назад

Yes

@observerdownunder3999 Год назад

Look at company record what projects they have budget revenue and also is the projects have budgets funding , cause in recession companies cutoff people in prohbation and people in bench

@sushant3530 Год назад

Hello. I think u should go . How many years u are working in Cognizant?

@ReshabSah Год назад

Yes join

@pseudovibes6659 Год назад

@@sushant3530 it's been 8 month in cognizant...

@yurjun8288 Год назад

Will this recession also impact batch 2024-2025 SDE placements?

@SoumyajitBhattacharyay Год назад

No they should not. By then things will normalize

@vermaharshit Год назад

How about Airbnb India sir?

@naturesbeing3941 Год назад

Bhaiya I got Microsoft 2 month internship? Should I apply for other internship because Microsoft has cancelled 6 months intern?

@jinniesrego9708 Год назад

Microsoft cancelled their 6 months internship??? How did u knw this

@souravmenon3835 Год назад

Assume I am a sde 1 at Amazon And I want to be a applied scientist Will Amazon help me to learn data science internally and transition into a applied scientist without opting for a masters...?

@SoumyajitBhattacharyay Год назад

Yes. But you are the owner of your career here, so you would have to find those opportunities where you will be able to perform the roles of an applied scientist being an SDE. Identify those teams, and switch to them and then take it gradually

@souravmenon3835 Год назад

@@SoumyajitBhattacharyay does this pattern of sde to applied scientist transitions happens frequently in industry Or Only happens rarely ( high iq people)?

@SoumyajitBhattacharyay Год назад

@@souravmenon3835 happens in amazon. Do not know about other companies

@souravmenon3835 Год назад

@@SoumyajitBhattacharyay we freshman admire you a lot for Guiding us and posting genuine content...

@abhishekupadhyay2259 Год назад

Byjus layoff 2500 employees

@rajav4861 Год назад

Recently, I got an offer in Visa as a fresher through campus placements. Is it safe to join Visa in 2023 as fresher?

@dhrubajyoti3 Год назад

No it's not safe don't join

@dhrubajyoti3 Год назад

If you want job security join tcs

@randomdude1964 Год назад

I'm in Capgemini since 2 years as developer having 4.35 LPA. Is it a good idea to switch now for at least 10LPA?

@01vivekadhat39 Год назад

Yes brother not for 10 but 7 8 is Fix But switch after Dec till Dec market is slow

@spartan2263 Год назад

"Itne counter offers nahi milenge!!" Offer k saath counter offer bhi chahiye kya?

@SoumyajitBhattacharyay Год назад

Haaa agar paise achche nikalwane ho to

@armanalam4624 Год назад

Amazon sde2 IITians 60 lac package ka per month inhand salary kya hoga?

@SoumyajitBhattacharyay Год назад

Iitian ho ya kisi bhi private college se ho package same he Hain aur Sara in hand. 😊

@jjg8605 Год назад

which ones? its a micro recession

@itsiddharthsingh Год назад

Bhaiya I got offer from Amazon India for SDE fresher. Should I reject it? I worked very hard for it. But haven't seen Amazon layoffs, only stocks crashing.

@SoumyajitBhattacharyay Год назад

Amazon does not do layoffs. So do not worry. 😊

@jayeshl5968 Год назад

Yeah they just have 5-10% pip culture .. firing is normal in amazon😂😂

@siddharthnahata757 Год назад

@@SoumyajitBhattacharyay Hi Soumyajit, I got a PEPSICO offer, Is it a good company to join this time?

@sailohithbalina8984 Год назад

Amazon do layoff people very often...product companies does it regularly.

@sudeepghosh95 Год назад

@@SoumyajitBhattacharyay Dada What about Bosch ? And Siemens please reply diyo

@SwarnavoMondal Год назад

Sir, is recession also impacting the banking sector like HSBC, Goldman Sach, Societe Generale? I am a fresher 2023 passout. Got a intern offer in HSBC.

@amey203 Год назад

Banking system is also going to take effect because of bad depts they are going to incurr.

@akshayshirbhate7 Год назад

Sir Neeed career advice.... 🙏

@vishwas55 Год назад

Are they layoffing in India also or is it just happening in US or UK?

@SoumyajitBhattacharyay Год назад

Yes it is happening in India also. Apart from that right now hiring freeze is across the countries. In Microsoft and Twitter India they have revoked offers and Microsoft and Linkedin India they are cancelling candidates mid interviews as well

@vishwas55 Год назад

@@SoumyajitBhattacharyay Thanks

@aryanyadav3381 Год назад

It is happening in India also, Me and my other four friends got lay off. They revoke our offer letter.

@harshwardhanshetty4683 Год назад

sadly im watching this after joining company 😥😥

@DeepeshSachdev_Gaming Год назад

New Subsciber

@SoumyajitBhattacharyay Год назад

Thanks for subbing

@shubhamakarte2682 Год назад

I'm in tcs 5.6+ years as Java Full Stack Dev with very low salary serving last month of notice period. Got offer from another service based company with decent hike. Should I switch or not?

@TheTanmayjain Год назад

switch

@arupmukherjee3403 Год назад

Bro sab ka luck different hota hai what I observed so no worry be positive....

@moyeensyed6637 Год назад

Hi bro can you share resources of java full stack?

@mickyman753 Год назад

Meta layoffed 11k employees

@aryanbehal8346 Год назад

Microsoft new University recruits (who are still to join) bhi effect ho rahe hai??

@pranjalpatel141 Год назад

Which role you got offer for Microsoft

@donator5724 Год назад

Is Arcesium safe to join in 2023?

@SoumyajitBhattacharyay Год назад

Arcesium, D E Shaw and many financial firms are generally last to hit at least from the economic stand point and should be relatively safer option. Will make a detailed video on this!

@randomly180 Год назад

@@SoumyajitBhattacharyay goldman sachs, squarepoint capital , tower research capital as well are safe right?

@omfuke3083 Год назад

mera toh onboarding delay hogaya because of business conditions I m from batch 2022

@aryanyadav3381 Год назад

Bhai mere ko to saalo ne layoff hi kar diya

@omfuke3083 Год назад

@@aryanyadav3381 which company bro ? Don't worry apply for other companies

@aryanyadav3381 Год назад

Impelsys

@eshagusain9718 Год назад

twitter has fired its CEO🙂

@anildhar1712 Год назад

There are plenty jobs, but less skilled people

@vermaharshit Год назад

How about Paytm India sir?

@gauravgoel8519 Год назад

is Uber safe to join for fresher in 2023?

@SoumyajitBhattacharyay Год назад

Right now, it is safer than some alternatives but would request to be a bit wary of them.

@rajkumarm5448 Год назад

Please talk only in English or Hindi and not partially in both languages. It is difficult for the other language people and getting irritated

@rishavkumar7225 Год назад

bhai tu kya bol ra h wo khud sun b para h ya nai

@SoumyajitBhattacharyay Год назад

Ku kya hua?

@krosskulture23 Год назад

Oh,God so many liars down in comment:/

@unstoppableyouth9801 Год назад

Bhai agr ap complete Hindi me bologe to jyada views and likes ayege. just a suggestion,rest is on you. Thank you.

@dashadisha9462 Год назад

Mumbai Indians shirt

@SoumyajitBhattacharyay Год назад

Yes! Sahi pakde! 😊

@prathamj2215 Год назад

@@SoumyajitBhattacharyay Are par pehele toh KKR ki pehente the! Mene dekha hai aapke Parking Lot tutorial me! Changed teams?? P.S. Big MI fan here!🤣🤣🤣

@SoumyajitBhattacharyay Год назад

Naa naaa aisi baat nai. Abhi bhi dono ki hai pehanta hu 😊