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"Institutions that can weather the storm" like Google? Like Facebook? Amazon? The entire industry has had layoffs, regardless of size. In fact, in my experienc
by amrocha 4y ago
"Institutions that can weather the storm" like Google? Like Facebook? Amazon?
The entire industry has had layoffs, regardless of size. In fact, in my experience there's plenty of startups that are still growing and hiring the laid off talent from the big institutions. Apollo was not one of those companies, but it doesn't seem like it being a startup had any impact.
- ibejoeb 4y agoYeah. I figured an obligate contrarian was gonna gotcha me. Sometimes big companies do layoffs. I stand corrected. But, then again, the CEO does say: "we are not yet profitable: we’ve taken full advantage of outside capital to speed our growth. That was good stewardship in a time when interest rates were low and venture capital was widely available on good terms. But economic conditions have changed and we believe that it’s no longer prudent to rely on outside capital to support us" I just don't know what to make of it. It was a healthy company. > it doesn't seem like it being a startup had any impact A true mystery.
- amrocha 4y agoYou're statistically wrong about layoffs. Big companies have had way more layoffs than startups. Pointing that out doesn't make me a contrarian. You can admit that you were wrong instead of digging your heels in.
- UncleMeat 4y agoGoogle hasn't had layoffs in meaningful quantity.
- amrocha 4y agoYou're right, my bad. Most big companies have had them so I must have somehow thought Google did too.