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by photonbeam 1253 days ago
> The writing has been on the wall for months though from internal comms

What did the hints look like?

4 comments

Not sure here, but in my experience no backfill hires for voluntary leavers is a pretty good warning.
Other companies stopped backfilling a while ago but doesn't mean they plan on laying people off (and you can look at 2008-2010 for reference to see that some companies didn't backfill but didn't have layoffs). Not over-growing and then shrinking through attrition is one way to rightsize a company in tougher times.
Absolutely - but absent corporate communications saying "Everything is great" or "OMG we're doomed.", it's a very relevant data point.
People asking VPs about layoffs in public AMAs and getting answers to the effect of "it's our responsibility to make sure that we're right-sized for the upcoming year."
Stock went from 350 to 250.
> Stock went from 350 to 250

It went to 350 from 30

Cost cutting. Move to floating desk and reduction in building space. There were few more things. But the shift to floating seats was a big indicator that serious cost cutting is happening. And everyone guessed that layoffs are next.

I am based in India. US folks would have seen different signs