3 ms·
The cynical part of me is wondering if they're all jumping on the opportunity to do some "reorganising" with ZIRP as a get out of jail free card.
by jamil7 4y ago
The cynical part of me is wondering if they're all jumping on the opportunity to do some "reorganising" with ZIRP as a get out of jail free card.
- pyb 4y agoYes, that's what I was trying to say.
- Apocryphon 4y agoThis pop psych/business management article from Stanford calling it "social contagion", but it framed it in a reductive way so a lot of people on HN were mad at it https://news.ycombinator.com/item?id=34339698 https://news.ycombinator.com/item?id=34339698
- pyb 4y agoI thought what this Stanford professor said was rather sensible, but some people want to believe that the tech industry always functions in a rational way.
- Apocryphon 4y agoAlso a lot of people too easily fall for clickbait framing and they missed the point of the article, which is that layoffs have a lot of detrimental effects on people, don't always help the company, and can be sort of a cargo cult response to economic downturns. Instead they focused on the professor ignoring the actual economic causes, which is a fair critique but not the article's main thesis.
- aeyes 4y agoWild guess: In the last 2 years they probably hired way more than the 15% they are cutting now. 15% which is 100 people in their case isn't even that much, they could have implemented a hiring stop and trimmed low performers over the next 6-12 months ending up with the same headcount. Wild guess 2: Since they are letting go so few people, they'll do another round in the future.