Did you know Google has paused hiring for the next 2 weeks and has also significantly slowed dow on its hiring needs for the rest of the year! Not only this, Facebook has decided not to give PPO offers to its interns right now and also has an hiring freeze present. 💔💔
There are a lot of different companies small and big who has started to either lay off existing employees or have a hiring freeze present or have strict mechanisms of performance reviews so that, they can actively identify non performers and fire them!
But why all of a sudden this is happening when just 6-9 months back, the entire IT industry was booming!
What led to all this and which companies have started adopting such policies!
To know all about the current IT situation and the impending recession and how the software industry will fare do wait for this Saturday!
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timestamp
0:00 - Intro
1:28 - Why hiring freeze & massive layoffs suddenly
7:17 - What happened to Indian Start ups? 11K+ laid off
10:08 - Faang hiring freeze status?
13:39 - Impact on the tech industry
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20 июл 2024
