4 ms·
This is just what large public companies do. The pattern at the last company I worked at (100k+ employees) was to perform layoffs and a hiring freeze every fall
by manicennui 4y ago
This is just what large public companies do. The pattern at the last company I worked at (100k+ employees) was to perform layoffs and a hiring freeze every fall and winter after assuring everyone that there wouldn't be a layoff early in the year. Then they'd hire a bunch of people in the first couple of quarters. It is so obviously done to make financial numbers better for the end of the year.
- stevehawk 4y agobut the end of the year for all of these companies was October, the end of the fiscal year. Yet companies are still doing it as we head into Q2 of 2023.
- manicennui 4y agoI think some of the big tech companies in particular are starting to hit the end of the easy endless growth.