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Lots of rescinded offers and hiring freezes though. Seems like they’re hoping for some natural shrinking to avoid pricey severances.

• boringg 4y ago
  edit: Re-read the thread somehow missed that it was specific to engineering. Comment makes sense - engineering typically last to go for obvious reasons. I'll counter though that I don't think its about pricey severances but more related to keep core products operating and being built for the future. Lutke comes from software engineering.
  • soneca 4y ago
    It made sense to me. I was and their reply was talking about engineering jobs. I said that all these layoffs are not firing many, if any, software engineers. They replied that, while that’s true, tech companies are not firing software engineers, they are on a hiring freeze and canceled offers that were out. So not firing, but not hiring any either.
    • TulliusCicero 4y ago
      A hiring freeze for any one company generally means slowly bleeding in that area: people are still leaving, you're just not getting anyone new to replace them. But if basically every company is doing a hiring freeze, and employees are unable or unwilling to quit because of bad economic conditions, maybe less so.