Are you Prepared ? ( Massive Layoffs hits people hard emotionally)

[@theCorporateDiaries]

🙋‍♂ Send me your queries here: topmate.io/thecorporatediaries 🎥 My YT Channel for HR Career: www.youtube.com/@thehrdestination 💼 HR Course: tinyurl.com/TCD-HR-Course 📄 Cheat-Sheet for HR-Job interview (100 questions with answers ): topmate.io/thecorporatediaries

[@haritha.nair-ytp]

I posted a question with one day priority I don't have a response. Can you please respond.

[@debanjanghoshdastidar8970]

Government should make hard law for the company if your layoffs give alimony to employee.

[@debanjanghoshdastidar8970]

Need hard law for layoff just like United Kingdom. If you can't manage people efficiently then close your business

[@harshad1951]

Instead of layoff fear we should prepare for multiple skills which currently demanding..

[@Satarupa902]

True

[@sanchat1000]

Yes, let me list a few topics. 1. Machine learning 2. AI 3. Data science 4. Docker 5. Kubernt 6. Azure 7. AWS 8. GCP 9. Blockchain programming 10. Linux device driver 11. Windows kernel programming 12. Linux system programming. 13. Full stack That's all I can think of right now Once you become an expert in these topics, your future is set Best of luck

[@kamleshkumar-vc4zo]

​@@sanchat1000this is not sufficient. Learn all the skills in the universe

[@sanchat1000]

@@kamleshkumar-vc4zo yes, from vasectomy to astronomy

[@ompandey4595]

Dil behlane ko khayal acha h galib Please keep information before soeaking anything ml ai takes year to get at beginner level also . Compant takes those who has completed master degree in this

[@shobhitmishra9627]

Facing reality can be hard for people.I am really happy to see someone who is trying to make people realise the truth of corporate world..Hats off to you.

[@Laxmikant_M]

Absolutely true.. Thanks to Varsha and The Corporate Diaries team.

[@dm5665]

The irony is that the majority don't want to face the reality.

[@dm5665]

Prepare list: 1. Save 12 months of expenditure in FD. Based on the business or sector this can go high or low. 2. Pay off Debt as soon as possible. 3. Dont take new debt this year 2024 and 2025. 4. Keep your mental and physical health in check. 5. Buy health insurance from outside. 6. Buy term insurance from outside.

[@Raja-tt4ll]

Nice

[@dm5665]

@akihiko99 can you share your experience? In my experience I have never faced any rejection.

[@vijayakumarv1859]

❤

[@nehcpandit]

I think the only people who needs to be educated is HR and recruiters who keeps bias against the workforce losing job. Why you left last company is not a question to be asked as long as skills matches the job profile.

[@roshnray6566]

💯

[@ChandravijayAgrawal]

its my fear, so I'm ready anyday for this to happen

[@FoodMania907]

That's why I don't plan to marriage after my serious relationship of 4 years due to uncertainty in jobs that I may be terminated or some unnatural things occurs , so prepare for worst which is termination from company.

[@not_building_the_ark]

I have been a victim of mass lay off march 2023. Wanted to cross skill from Social specialist to ETL developer, invested six months in learning. Not a single company is looking for inexperienced guys in the skill i have learnt, min 6+ years they digest. The coach says you have to fake skill in your registered experience. I can't lie, i dont want to break 10 commandments 😢😢😢 So many unemployed guys in social Media and digital marketing roles , a plain application to an opening wont work. Fucking tired, rapido is taking off 50-60% earnings.

[@viswanath660]

My suggestion is to quit this hopeless and unstable IT. Search for a business where you can make multiple times the money you get in IT.

[@BabanKhatke]

Easy said then done.

[@SachinKumar-xv5op]

Got to know today that I may be fired in 2 months. A foreign team is taking over our whole work and our GM has no option but to comply. Out of 8 members, 3 last hires are confirmed to go. I'm although the 4th last, yet I'm kind of stressed, let's see what happens..

[@smilekapoor]

Thanks for sharing insights in so much balanced way.

[@kamals.k.521]

Wow, crisp and composed action items. Thanks! Keep them coming. Went through layoff / "Career Transition" in Jan 2024. I can relate and followed many of these points which you have mentioned. Though I missed/lack on personal health insurance. Learnt my lesson in a bit hard way.

[@dineshd2930]

IT is no more attractive early 2000s, we need all our learning and start new business with least investment

[@prashanthkumar8650]

Thank you so much Varsha🙏🙏👍👍

[@eknag106]

ur videos are always helpful, informative and well articulated.

[@arnoldarnold2653]

Over the years the IT industry has accumulated a lot of senior people from various domains. As a result they have to pay hefty salaries to these folks. When the times arent good, its the junior employees, project agents who get kicked out unfortunately

[@LeenaJawaji-qw3wc]

Thanks mam you keep us updated with all the good and bad situations in the IT industry and help to find a solution within possible time.

[@ScientificZoom]

Excellent and Essential subject right now

[@ScientificZoom]

Mam said right about the pre planning phase, if got just a single glimpse of being fired or terminated, be prepared is the right strategy

[@julies5085]

The last point you explained is so important Varsha. It is not like I did not know it, but coming from an HR really gives validation and assurance to people.

[@anupamsharma2022]

Can you make a video on some hidden aspect of layoffs like when a company does layoff and make "excuses" on employee''s performance but actually its politics, cost cutting and few more that goes under the table we are not aware of ?

[@geomanoeuvregeomanoeuvre-bf1mj]

Please make a video on third party payroll

[@rajnishkishor2442]

CAN'T MISS ANY VIDEO. Your video are too much informative. Appreciate your hard work ❤

[@Peace1175Peace]

Also, this job wasn't my go to job after I graduated in 2021. I have been unable to pass my certification, which is very bizarre. I haven't been able to find another job since I haven't been happy at my present job. I'm good with this job, but the support was very scarce. No one wanted to help me when I had questions. And would make up unrealistic excuses why they didn't help me. They have also in the beginning stated, "We don't fire anyone" "You fire your self", so because I'm experiencing a very difficult time, I see there are situations that frustrate me more than others. I have made the mistake of telling my supervisor about my troubled moments, and after that I have experienced them more on the majority of my calls. I have been trying to find another job, but unable to.

[@keerthiprasad8355]

Thank you madam.

[@arunprasath_ap_]

Even the freshers are in the list of layoff

[@theCorporateDiaries]

That's true, the list is becoming more and more ruthless.. we are almost in west culture..

[@bhavtosh5328]

There is mass layoffs imminent in banking industry also.This AI will disrupt every sector of job market.

[@scube6748]

3:26 point is very important for people to be emotionally better. Tq

[@sangramkesharighosh1698]

Great video

[@nishantdhir570]

Already been laid off from a very big company. Currently abroad facing visa challenges, had some savings but insurance, rent, etc adds up. The situation is very bad but focusing on building skills and following a healthy lifestyle.

[@yashobantadash6670]

same bro.all the best for next opportunities!

[@siddharthsharma5959]

How you got abroad opportunity

[@nishantdhir570]

@@siddharthsharma5959 I did my masters here then got a job search visa. Did volunteer Internship in the similar field along with certifications and data projects. Built a portfolio and did many job applications. Then I got a job last year.

[@ashwinbarekar5766]

True.... Easily connect with content

[@one7309]

Your last video was very informative and one of the best of all.Learned a lot from your last video

[@theCorporateDiaries]

Glad you found it useful

[@one7309]

😊

[@ittiam6561]

All these jazzy companies, the salaries they pay are not permanent. I've seen many companies closing down in my lifetime. Earing should be based on our capabilities and skills not on these companies.

[@theCorporateDiaries]

Absolutely and we should never count on companies, we should count on our skills, they will only stay with us no matter wherever we go..

[@hahaheee7906]

Yes I have 15 years of work experience and have saved more than a crore. I have not married and waiting for a layoff to go on a much needed vacation. One life advice: Please don't marry

[@abhi9029]

layed off in May 2023, still not gettting placed. The situation is really difficult.

[@GOBINDKUMAR-uj3jx]

what is ur exp?

[@rahulamesar5387]

Very well explained m, thanks

[@scube6748]

Some companies are asking out sourced workers to make mandatory unpaid long leaves.

[@arijeetmohapatra2933]

Very honest video varsha

[@raghavsamba]

Thank you very much for the video.... Companies are looking to replace highly experienced person with a fresher....its so painful the company doesnt value quality and they look for quantity.....i have one question if we go on plan B for certain amount of time on less pay, can we get back on the same salary as earlier when market opens up?

[@theCorporateDiaries]

For sure, you can get, most people who fail doing it are because they themselves feel underconfident about asking for the money they deserve, most of us think, what if I lose the offer.. you can def. do it, I have done that twice in my career... and sharing from my personal journey.. Yes, not all companies will welcome you, yes some might laugh at your face for asking that amount, but you continue your search and you will for sure find something you deserve.. just do not let those rejections affect your confidence..

[@raghavsamba]

​@@theCorporateDiariesagain thanks a lot for your soothing response.....It's definitely a very tough phase but this too shall pass...

[@Code-With-Mack]

Got laid off yesterday

[@janardhanpv8990]

By the time you made the video, I already lost my job. So cannot take the suggested steps now. Once I get a job, I will follow the steps shared in the video

[@laviem1513]

Thank you dear much needed

[@bharath2508]

Universal Basic income along with universal Healthcare and education. Let AI do all the jobs and our species will explore the universe.

[@raoraman64]

If you are laid off,is it good to withdraw pf

[@theCorporateDiaries]

Dear you can, if you do not plan to go back to being a salaried employee, to withdraw 100% PF you will have to show at least 3 months of unemployment, chances are by then you will find something(job) if you want to continue, in that case its not a good idea to withdraw..

[@sunilnathani3924]

Don't go for computer software. Go for something like dentist, doctor, phlebotomist, etc.

[@helloworld2054]

And the people studying medical will advise to not pursue medical lol, grass is always greener on the other side

[@scube6748]

True, I have seen few dentists who quit in 2 years and became personality development coaches, skin and hair care department etc. some of the doctors moved to gov adminstrative jobs.

[@Peace1175Peace]

I have been experiencing a very difficult time at work. I watched one of your videos, which identified a sweet trap. It is very similar. I WFH, ad I noticed that my system is not set up the way it was in the beginning. Although things do change, im not sure this is a typical change. The first situation was not getting the support, then being cheated out of my promotion. I have received it finally, but now my calls are very complex, test. Not authentic, getting calls from the same phone number, and only shows answered calls and not received calls. Not coming through the queue, coming directly to my number. How can I prove this?

[@siddharthas5563]

Nice content

[@gauravbhatt7346]

My brother was hired in amazon as sps position in march 28 (after giving assesment on dec 2023 and waiting for 2 month) he has previously worked in teleperformance in 2022 for 3 months. initially, HR told him that relieving letter is not required and he can produce supporting documents like offer letter, salary slip or F&F settlement doc. even while uploading doc for bgv in portal , chat support told him that relieving letter is not required. 15 april was his joining, and today hr asked him to show relieving letter or leave organisation. He is devastated and we all are really tense. My brother asked tp for relieving letter and they said it will take atleast 10 days to provide relieving letter. But HR uday kumar fired him stating that he donot have document. What to do now. who is at fault?

[@Andrewcartwrightfinance]

Who needs a free list of house grants must have an LLC

[@keshavhotwheelscollection]

Just Do What You Like If corporate life is pathetic, insulting, and sick for you. We are not living for this society not for somebody

[@samaaron7937]

The current scenario happening frequently in IT sectors!

[@samarthkulkarni4912]

Can you please make a video on whether we need to quit job to switch job or we need find a new job while working. Some people say that there are chances are more of getting interview call when you are in notice period while some people say it's risky nowadays, please we wanted your view on this.

[@theCorporateDiaries]

Its best to find a job when you are working; yes for some people whose notices are big like 90 days, they will get more opportunities after quitting... So decide basis your situation, best is to find it when you are still working..

[@samarthkulkarni4912]

@@theCorporateDiaries Thank you for your suggestion😊

[@Devanjal358]

Facts Nice

[@simplydevtools1619]

Great information but the audio echo is really bad, I had to stop half way to read the comments to get a summary of what the rest of the video said

[@Rn45634]

The more the company is dependent on us and is getting benefitted by us, the lesser the likelihood of a layoff provided we work for a decent company

[@theCorporateDiaries]

That is true dear, but only in cases where the business is stable, most lay-offs happen when company decided to re-org or business is lost, if the business you were working on no longer exist, then it doesn't matter how good you are..

[@Rn45634]

@@theCorporateDiaries Agree. So the underlying reason behind layoffs can still be sometimes performance issues for which the employer cannot be blamed. As you rightly said, it depends

[@akshayrao5793]

Hi mam, I have resigned from an MNC firm bcoz I was allotted to a tech support role, as previously I was in the technical role. I tried to shift back to technical domain but couldn't make it. Now I'm not getting any calls from job portals mam..any suggestions mam?

[@theCorporateDiaries]

Q1 usually is low in hiring, hang on you will start getting call soon, keep applying..

[@ChannelForCoders]

Mam, can you please tell when can we give interview while doing another full time job? Because nowadays better opportunities come very very rare.

[@theCorporateDiaries]

Dear, you can give interview whenever you get a call for an amazing opportunity, there is no specific time you should wait for, as & when an opportunity comes, grab it..

[@Vinuta-ue3sd]

Studied hard for 15yrs, earned University degrees, placement, promoted, got married, got kids too. Aged 35+ & finally got terminated! How's that 😂

[@livinginthemoment3371]

Are u got a job again?

[@Vinuta-ue3sd]

@@livinginthemoment3371 Yes I got in different sector. But lower salary than earlier.

[@NitinKumar-ln3ow]

Varsha, can you please share the list of companies majorly dealing with data science, AI , ML

[@SaikatDeshmukh]

Mam, how soon do you see these layoffs coming?

[@Laxmikant_M]

It's a needful video, I suffered a lot with situation like this after layed off in last year till Sept2023. Thanks a lot to you. I have seen lots of your videos recent times. One curiosity how could you say prepare for 8 months for such a situation because I was layed off last year and again joined a company exactly after 8 months, not a single day puls or minus. Anyways I liked your other videos those are really important for carreer growth and atleast for survival if one in an IT industry.

[@theCorporateDiaries]

Thanks for sharing your story dear, I said 8 months because usually company's hiring process or the vision gets revised in 6 months and same for markets as well; then, even if someone is laid off in worst time(at the beginning of the market fall) 6 months+2 months(for interview process & joining) should be a doable timeframe to get another job.. though there is no hard and fast formula, just sharing what I have seen in my experience.. Glad you could find something good, all the very best!!

[@unlockchanges]

How to generate second source of income by doing another job, while in full time job? is not it a moonlight? Please help understand me the same.

[@TechOrange_006]

Hello Ma'am, First of all I would say your content is very very good and Your experience is visible in your words. Keep it up. Actually I am a frontend developer having 6+ years of experience. I am trying to getting a job since 4 month but I am not getting calls from naukri and other portals. I am trying to understand what happened suddenly. before January 2024 i was getting lots of call from the portals and everything is same on my profile. I am not able to understand whats wrong with me. Lots of projects exist already on Angular Framework. So why I am not getting calls? Can you suggest me anything? Seriously I am thinking of leaving IT industry.

[@theCorporateDiaries]

Dear Q1 is usually the finale and all company prepare for closures and summary for the year as the Financial year comes to an end in Mar. Do not worry, you will start getting calls soon, as companies start preparing for new budgets and plans from Q2.

[@TechOrange_006]

@@theCorporateDiaries I hope what you say comes true. Thank you🙂

[@abhay1580]

Ye non technical walo ko h khatra aur hamesha rhega ... Guys learn any technical thing anything in which unneed to think instead of just making rangoli

[@robinalex179]

In my last interview i mention that i have 1.5 exp, And i currently working , but i actually resigned and i did not mention this in my interview , got selected , so this will create issue in my background verification ?

[@KARANAMSUDHAKAR]

Hi Mam, I have joined one MNC company unfortunately my health issues reason I am unable to staying company location and company not accepting wfh option. I have resigned with in one month period I have proper reliving letter and payslips. Please help me your answer any issue with my feature carrier opportunities and can I mentioned 1 month experience in my resume?

[@priyakonar5306]

Standyou consultancy is real or fake,, please tell me please

[@200amma]

it can be due to luck as well

[@shivbhatt5536]

I am working as a Technical Project manager in one of the Indian MNCs. I have a total 19 years of experience in total. Is it worth to achieve a PMP or CISM certifications at the moment to get a new job?

[@KRP-y7y]

We are only concerned about Temples and hatred and Past Stories 😢 which has no relevance in present or future 😢

[@theCorporateDiaries]

Take care..

[@apexemperor]

Bulle ho ky? Yaha v aagye...

[@Ras-al-ghul250]

Why did you have to bring Temples.. Not mosques or churches...this is your hate coming to front when you are bringing this up in an unrelated video

[@AmitSharma-xc9qg]

You need help , some people are born to live slave life , not sure how they can get help

[@codewithsakti8197]

U need some ganja .

[@akshaykrishnan7985]

Hi ma'am, one question, if my company doesn't allow moonlighting or any passive income , then in such cases, what to do? Please guide me on this ma'am

[@theCorporateDiaries]

Dear, moonlighting is basically when you take up another full fledged job in parallel, company can't say "No passive income", most of us has investments, that's a passive income, some have rental income-that's a passive income... you get the idea.. As long as you are not using company's resources and information for your own advantage(to earn money) it doesn't matter what you do in your extra time.. its shouldn't conflict with the company's business that's all.. And if there is any company which strictly ties you by saying "do nothing at all", don't join them.. its not worth.. its a pure slavery in that case..

[@akshaykrishnan7985]

@@theCorporateDiaries thank you for the guidance ma'am

[@vedikagirl997]

​@@theCorporateDiariesIf we freelance does that count as moonlighting as well? For ex: If I'm a UX designer, can I freelance for some side gigs over the weekend for graphic design work or work that's not related to any work that I'm doing in my company, using my skills? Awaiting your response

[@sdk2586]

Hi, currently I am working I am asking working 1 year training period then full time . I am asking working letter. They are not giving. Please help.

[@theCorporateDiaries]

Dear, your question is not clear, if you are asking for a letter and if they are not agreeing for a collective letter(training period + Full time employment), then you can even ask for separate letters of training period and an offer letter/appointment/conversion letter of full time, I don't think anyone denies that..

[@manojgaur9364]

mam , I got 62 % in my 12th and MNC'S eligibility criteria is above 65 % so I am not eligible for campus placement. What should I do to remove eligibility criteria. Please reply.

[@vijayhegde689]

Pay after placement u try . That too read their conditions properly & join .

[@Huiljdfx]

to all toxic managers watching this video - . . . tmkb

[@shamikguharay3177]

Very well said, kudos to you.

[@supriyochatterjee4095]

LayOffs should be implemented in all Government sectors, Government Banks and all Government Offices, if hard working private sector employees aren't stable then why should be some easy and comfortable working Employees and Officials

[@SudhanshuGupta-dt9mz]

First viewer 🙋🏻

[@psekharde]

You are making money।