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by dr_faustus
1253 days ago
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Not to offend anyone affected, but considering the cost/profit structure of those big companies has not really changed that much (except, maybe, Meta), I get the feeling, that this round of layoffs is in some ways welcomed by those companies. In many cases, they are basically returning to pre-pandemic levels and instead of an actual financial need, these layoffs are probably a result of the fact that you cannot effectively incorporate an headcount increase of 20% in a high-tech company within 1-2 years. It seems like they hired to please investors because everyone else was also hiring like mad. Since the shareholder expectations have reversed, the companies are using the "opportunity" to return to manageable numbers of engineers and administrators. |
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