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by ChiMan 32 days ago
Covid-era over-hiring was never going to end well. If there’s any silver lining to this, it’s that with the AI tools used to AI-wash the dismissals, it’s easier than ever to bone up on economics and why it’s a bad idea to hire people without a clear view of the economic margins along which the employee will be profitable for the firm.
2 comments
nateglims 32 days ago
Compared to recent trends it’s more like the entire 2010s was over hiring
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bonsai_spool 32 days ago
> Covid-era over-hiring was never going to end well

This is a convenient strawman for companies but I think it's no longer true that the people being layed off stem from that time: https://www.macrotrends.net/stocks/charts/META/meta-platform...

Someone made a great post about other companies who have shed their 'covid excess' but are still citing that period as a motivation for their decisions.

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