Many corporations have announced job cuts in recent months, and layoffs are still ongoing as they fear a recession. To cut costs, leading tech businesses such as Twitter recently fired off over 3,800 people. Meta, Facebook’s parent company, has laid off 11,000 workers. Almost every week, prominent technology businesses announce layoffs. While many people are having difficulty obtaining work, the most impacted employees are those with H1B visas, which include many Indians.
Details about Indian CEO offers job opportunities to Indians ousted from Twitter and Meta, and claims his company is successful
They must find work within 60 days to remain in the United States, and if they do not, they will be compelled to return to India. Given the current situation, Harsh Jain, the CEO, and co-founder of Dream11 has publicly stated that Indians should return to their home country and work with Indian software businesses to assist them to flourish.
“With all the 2022 Tech layoffs (52,000+!) in the US, please spread the word to remind Indians to come back home (especially those with visa issues) to help Indian Tech realize our hyper-growth potential in the next decade,” Jain Tweeted.
He is openly hiring impacted employees, stating that his company is always looking for “excellent talent, especially with leadership experience in Design, Product, and Technology.” Jain also boasted about the company’s strong financial position in order to reassure employees and even attract new employees.
While many digital businesses struggle to manage funds for the future and lay off staff to cut costs, Jain boasted about the thriving business, claiming, “We at Dream Sports are a profitable, $8 Billion Co with 150 Million+ members and 10 kickass portfolio companies in.” Some large technology businesses, such as Meta, have blamed layoffs on the macroeconomic situation and a decline in ad income. Another reason offered by the corporation for reducing headcounts is over-hiring. Some have done the same in the guise of team reform.