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by dakiol
1253 days ago
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Well, that's what I said. They are doing it not because of "bad times" or "recession" or "post-covid era", they are doing it because that's what they wanted to do from the beginning. They couldn't do a massive layoff in the past because it would get them bad rep, but nowadays, it barely is a thing anymore (just look at this thread: people commenting "well, at least the severance is nice". What the hell? Massive layoffs shouldn't be seen as regular news) |
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Forget about "bad rep", it was a bad economic decision: why let go a slight underperformer (a now-known 0.8x engineer) that you hired in 2015 at pay X, if in exchange you hire a "expected normal 1.0x engineer", but at a price of 1.8*X in 2021 due to crazy escalation of SWE salaries in that period.
(Assuming you have a perfected/more picky hiring process that knows the median hire will be a 1.0x engineer)
Now in 2023, the situation is different: you can hire a "expected normal 1.0x engineer" but at pay 0.8*X (adjusted for inflation - ratios all made up)