4 ms·

The thing is, isn't this an universal phenomenon across the entire tech industry over the past 2-3 years? After the initial pandemic onset panic, company valuat

The thing is, isn't this an universal phenomenon across the entire tech industry over the past 2-3 years? After the initial pandemic onset panic, company valuations skyrocketed and so did the demand to increase headcount. Isn't everyone at risk, except for those at companies that have already had layoffs?

adam_arthur 4y ago
Yes, it was. Times have changed though, the smart ones are getting with the program. The others will have their share price obliterated
danielmarkbruce 4y ago
Not just the past 2-3 years. Many people at google semi-half-joked-not-joked that they could cut half the staff without a single dollar of revenue disappearing back in 2014-2015 time period.
- sjburt 4y ago
  That was almost a bragging point for quite a while. It was definitely not hip to work on ads or even search.
- eqmvii 4y ago
  Common at many companies. Revenue comes in and managers build their little empires, justifying it as they go.
pyb 4y ago
The question is : why did these companies hire massively in the pandemic era ? It was clear that cautiousness was the best policy. Not in hindsight, but even at the time. Did tech CEOs suffer from a kind of mass hallucination?
- jurassic 4y ago
  I don't think that's clear at all. Social media is a competitive game and if all your competitors are staffing up, you're going to get left in the dust if you don't do the same. Cheap money was helicoptering from the sky in those days, so why not?