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It seems like tech companies are being more severe with their layoffs because they were over aggressive with hiring during the pandemic. Many went through a mas
by ActionHank 4y ago
It seems like tech companies are being more severe with their layoffs because they were over aggressive with hiring during the pandemic. Many went through a massive surge in demand which they either thought was going to be permanent or had to hire to keep the machine moving.
- astrea 4y agoI keep hearing this, and I would love to believe it, but does anyone have a concrete source that confirms this is the case?
- Espressosaurus 4y agohttps://www.macrotrends.net/stocks/charts/MSFT/microsoft/number-of-employees https://www.macrotrends.net/stocks/charts/MSFT/microsoft/num... 163K employees in 2020 to 220K employees in 2022. And they're on the low of the hiring boom.
- nerdjon 4y agoWait so these layoffs are still only a smallish part of the employees added over the next couple years? While obviously bad that seems like... as far as speaking for the entire tech industry not really that bad? Do you know if the other big tech layoffs followed a similar pattern. Or am I missing something here.