In the present time, most tech companies are trying to lay-off their employees and even struggling to manage their funds. In complete contrast is Harsh Jain, CEO and co-founder of Dream 11 who says his Dream is a profitable 8-billion-dollar company with more than 150 million users.
The fear of recession has caused many tech companies to lay off employees-the first being Twitter that has just fired 3800 employees to cut their cost; Meta, the parent company of Facebook has also laid off 11,000 employees.
Most of the people who have been fired are facing a lot of problems in finding new jobs, but those in the USA on H1B visa are really hard hit. These people include many Indians. As per rules, a person with H1B visa in the USA when fired needs to find within 60 days to continue staying in the US and if not, the person has to leave American soil.
Hoping to lure back Indians, Jain says that Indians from USA should come back to India and work with Indian tech companies. He further adds that with so many lay-offs, the Indians with their visa issues should come back to their roots and help Indian tech realize their hypergrowth potential in the next ten years.
He has also offered jobs to people who have lost their jobs in the tech field and says that his company is always in the lookout for great talent, especially those who have leadership experience in Design, Product and Tech.
While laying off employees, Meta and Twitter blamed drop in revenue. Meta even said that they had hired many people in anticipation of growth. Other companies have laid off employees to streamline their teams.