3 ms·
Genuine question: Would big companies also lay off people during recession? I mean companies like APPL/GOOG/FB. What happen to their employee at that time thoug
by eva1984 10y ago
Genuine question: Would big companies also lay off people during recession? I mean companies like APPL/GOOG/FB. What happen to their employee at that time though? Did they get a pay cut?
- eru 10y agoGoogle and Facebook haven't really had rough times yet, so it's hard to tell. Does anyone know about Apple?
- w1ntermute 10y agoThey just reported their first revenue drop in 13 years and first-ever decline in iPhone sales[0]. 0: http://www.reuters.com/article/us-apple-results-idUSKCN0XN22I http://www.reuters.com/article/us-apple-results-idUSKCN0XN22...
- ghaff 10y agoWages are generally pretty sticky. So bonuses might be eliminated and pay increases deferred but it's relatively unusual for base pay to be cut. (And, of course, stock based compensation may suffer in a downturn.) AFAIK, neither Google nor Facebook have yet had significant layoffs. Apple certainly has in the past.
- hyperpape 10y agoFor Apple, I see layoffs under Gil Amelio in 1997, and recruiters in the last month (http://venturebeat.com/2016/04/25/apple-recruiters-layoffs/ http://venturebeat.com/2016/04/25/apple-recruiters-layoffs/). Are there more recent layoffs for engineers?