Silicon valley is present process a significant overhaul with huge tech firms firing staff. Twitter, Meta, Netflix, Coinbase, Robinhood and others have already laid off a significant chunk of their workforce. Now studies recommend that Amazon could quickly be part of the listing of firms shedding staff.
Indians kind a significant chunk of workforce within the US Silicon Valley. With the layoffs, the way forward for H1B visa holders stays unsure as they’ve to search out one other job within the subsequent 60 days. In case they fail to take action, they could should return again to India.
Amidst all this, an Indian firm is providing jobs to those that have misplaced their jobs within the US not too long ago.
In a sequence of tweets, Harsh Jain – CEO and co-founder of Dream Sports activities has invited Indian staff to affix his firm. For the unversed, Dream Sports activities Group includes names like Dream 11, Fancode, Dream Capital, DreamSetGo and others.
“With all of the 2022 Tech layoffs (52,000+!) within the US, please unfold the phrase to remind Indians to come back again house (specifically these with visa points) to assist Indian Tech realise our hyper-growth potential within the subsequent decade!,” Jain wrote in a tweet.
In one other tweet, Jain mentioned that his firm is ‘worthwhile’ and is a ‘$8 billion co’ with greater than 150 million customers and ‘10 kickass portfolio firms’. He went on to ask folks to advocate somebody they know who ‘matches the above’ and that they will attain out to the corporate at indiareturns@dreamsports.group.
He added that his firm is ‘consistently searching for nice expertise, specifically with management expertise in design, product and tech.’
In response to Layoffs.fyi, which tracks the business, about 100,000 tech jobs have been reduce this yr. The listing contains huge names like Microsoft, Netflix, Twitter, Amazon, Walmart, Robinhood, Ford, and TikTok within the US. Whereas others like Apple Inc. and Alphabet Inc.’s Google have both frozen hiring or mentioned they’re re-evaluating staffing wants because the breakneck development that the tech business has loved fades amidst the rising rates of interest and inflation.
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Supply: Live Mint