I'm at a mid sized SaaS company in the Nordics (European). No layoffs, but hiring has slowed down and we no longer actively try to recruit junior devs. We used to have lots of active job ads, now they're reduced to only the most in-demand roles. The company is profitable and we have big important projects going on so not too worried.
Ask HN: Are tech layoffs happening abroad?
91–96 of 96 posts
Re: Ask HN: Are tech layoffs happening abroad?
#92Indonesia: Huge layoffs from the unicorns correcting their valuations and a large number of earlier stage startups shutting down. Lots of disillusionment from tech workers over whats been happening, many are trying to move to large corporates / banks, many are struggling to find work.
Theres some sectors doing well, some new fundings happening, but overall slow and layoffs continue.
Re: Ask HN: Are tech layoffs happening abroad?
#93Earlier quoted context omitted.
Because if people can compete on wages due to lower COL, they will, and some companies will reward that.
Immigrants don't get a lower COL, they live in the same place and pay the same taxes. If anything their COL is higher because of the fees related to being an immigrant, they lose out on benefits and on sharing fixed costs with the family.
I’m aware, I’m an immigrant. The thread is discussing outsourcing to lower COL areas not immigration (at least that’s how I interpreted it).
Re: Ask HN: Are tech layoffs happening abroad?
#94Google is laying off 1000 in Singapore.
Lazada and Shopee, online marketplaces, are also reporting double-digit percentage layoffs. For one of them, more than 50% of the C-suite was let go.
Re: Ask HN: Are tech layoffs happening abroad?
#95India- multiple companies are laying off . First 1000+ laid off from payment unicorn, then Google lays off. From what I can see( collecting job data) slowness is there and companies are letting people go and will hire again in few months ( Google tech)
Re: Ask HN: Are tech layoffs happening abroad?
#96In Sweden, there has also been a notable tech downturn, with layoffs, etc.
Yep. For example Spotify and Klarna.