5 ms·

Know what's odd to me? It seems like every company that did layoffs over the past 3 months overhired by 8% - 12% somehow. Why was it such a narrow range?

xeromal 4y ago
10% is about the number you can layoff without causing a route.
- cookieswumchorr 4y ago
  The Romans knew what they were doing :)
  - deleted 4y ago
    [deleted]
  - siggen 4y ago
    Are you able to add a reference? I am curious about the mention of Romans. Thanks!
    - xeromal 4y ago
      Decimate was how the romans culled a weak unit. They would kill 1 in 10. https://en.wikipedia.org/wiki/Decimation_(punishment) https://en.wikipedia.org/wiki/Decimation_(punishment)
  - xeromal 4y ago
    Wow, you're right. It's a decimation to the T. Hmmmm.
  - tibbydudeza 4y ago
    There is also "Muskification" as seen at Twitter.
David_Axelrod 4y ago
Could be a harbinger of whats to come. Reminds me of this Sequoia graphic. https://twitter.com/PanchalBrinda/status/852947043576426500/photo/1 https://twitter.com/PanchalBrinda/status/852947043576426500/....
fundad 4y ago
No Collusion! But if I was hiring a lot to keep people from joining my competitors, I’d also pay attention to competitors’ layoffs and take the opportunity to soften the labor market.
fugazithehaxoar 4y ago
The "we over hired" line is mostly made up. Many of these companies did not substantially increase their head count. This has more to do with improving P&L numbers to get their stock up, since most companies' revenue is tanking currently.
- bushbaba 4y ago
  Didn’t Salesforce nearly double headcount since 2019 though?
  - idkyall 4y ago
    Some sizable percentage of that is acquisitions as well though
- Espressosaurus 4y ago
  The big companies all seem to have massively hired up. Meta: up 2x since 2019 (although coming back down) Google: up 1.5x since 2019 Amazon: more than double (although not clear how much of that is tech workers vs. logistics. They have certainly spammed my inbox enough) Salesforce: doubled Numbers from Macrotrends, for example: https://www.macrotrends.net/stocks/charts/CRM/salesforce/number-of-employees https://www.macrotrends.net/stocks/charts/CRM/salesforce/num...
ptmcc 4y ago
Never let a good crisis go to waste. Everyone is seizing on the opportunity to clean house and cut costs while the macro narrative is bearish. Investors and shareholders are demanding it. The days of cheap money are coming to a close so just growing revenue is not enough, now these companies need to show profit.

xeromal 4y ago

10% is about the number you can layoff without causing a route.

cookieswumchorr 4y ago
The Romans knew what they were doing :)
- deleted 4y ago
  [deleted]
- siggen 4y ago
  Are you able to add a reference? I am curious about the mention of Romans. Thanks!
  - xeromal 4y ago
    Decimate was how the romans culled a weak unit. They would kill 1 in 10. https://en.wikipedia.org/wiki/Decimation_(punishment) https://en.wikipedia.org/wiki/Decimation_(punishment)
- xeromal 4y ago
  Wow, you're right. It's a decimation to the T. Hmmmm.
- tibbydudeza 4y ago
  There is also "Muskification" as seen at Twitter.

David_Axelrod 4y ago

Could be a harbinger of whats to come. Reminds me of this Sequoia graphic. https://twitter.com/PanchalBrinda/status/852947043576426500/photo/1 https://twitter.com/PanchalBrinda/status/852947043576426500/....

fundad 4y ago

No Collusion! But if I was hiring a lot to keep people from joining my competitors, I’d also pay attention to competitors’ layoffs and take the opportunity to soften the labor market.

fugazithehaxoar 4y ago

The "we over hired" line is mostly made up. Many of these companies did not substantially increase their head count. This has more to do with improving P&L numbers to get their stock up, since most companies' revenue is tanking currently.

bushbaba 4y ago
Didn’t Salesforce nearly double headcount since 2019 though?
- idkyall 4y ago
  Some sizable percentage of that is acquisitions as well though
Espressosaurus 4y ago
The big companies all seem to have massively hired up. Meta: up 2x since 2019 (although coming back down) Google: up 1.5x since 2019 Amazon: more than double (although not clear how much of that is tech workers vs. logistics. They have certainly spammed my inbox enough) Salesforce: doubled Numbers from Macrotrends, for example: https://www.macrotrends.net/stocks/charts/CRM/salesforce/number-of-employees https://www.macrotrends.net/stocks/charts/CRM/salesforce/num...

ptmcc 4y ago

Never let a good crisis go to waste. Everyone is seizing on the opportunity to clean house and cut costs while the macro narrative is bearish. Investors and shareholders are demanding it. The days of cheap money are coming to a close so just growing revenue is not enough, now these companies need to show profit.