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by ardit33
1516 days ago
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From all the FAANGMULA companies, only Apple and Facebook haven't had layoffs during a recession. Yes, even Microsoft had some layoffs back in 2008-2009, and Google had some 'stealth' closures. Also they did a hire freeze as well back then. Just right now they laid off the GCP customer support team.
We know all the others (Uber, Airbnb, Lyft, etc, had all layoffs as well). It really depends on the CEO's mentality. Some companies, even if their balance sheet is fine, they will use as an excuse to cut some fat. So far only Apple and Meta are the exceptions. |
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It's a really blunt instrument that I don't agree with, but at all of these companies there are going to be people coasting, and layoffs are one way to sort of make people re-interview for their own jobs.
Source: Happened to my division at bigco, lots of people were RIF'ed, but then allowed to transfer to other teams, I and other teammates got offers from other groups only after we 'interviewed' with them.