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The speed at which the tone of these is changing is amazing. Just a few weeks ago everyone said its getting impossible to hire and so they need to expand to oth

The speed at which the tone of these is changing is amazing. Just a few weeks ago everyone said its getting impossible to hire and so they need to expand to other tech hubs, pay exorbitant salaries and offer lot of perks to attract candidates. All of a sudden now, just in the span of a few weeks, these executives started realizing their headcount is too high, productivity too low and that employees should self select out of the company. Doesn't this show incompetence on the executive part? They just didn't see this till the recession flags were raised, it's almost as if they need to cut costs to cover up falling revenue and so blaming the employees.

kibwen 4y ago
> Doesn't this show incompetence on the executive part? Sure, but since when has an executive ever faced consequences for incompetence?
MichaelMoser123 4y ago
Management is just reacting to a changed financial environment. But they can't admit that, so that they make it look as if it is about someones incompetence. I think its the war of Russia against Ukraine. All of a sudden there is less money to go around, interest rates go up and it got harder to raise money. I think they are just putting up a straight face, as they respond to the changing circumstances. And they probably changed their plans as well, now it is less about 'new features' and more about 'maintenance of existing systems'. But that didn't get into the article, so it's all the fault of the people who will have to look for a new job...
gowld 4y ago
> pay exorbitant salaries Did you miss the Covid-inspired pay cuts for remote workers? The expansion into lower-cost tech hubs like North Carolina? > falling revenue Yet still huge profits > blaming the employees. Bad play, since employees make the revenues.