4 ms·
I wonder if 6% really moves the needle in terms of cost. Coupled with the fact they are still hiring it feels like succumbing to investor pressure rather than a
by jatins 4y ago
I wonder if 6% really moves the needle in terms of cost. Coupled with the fact they are still hiring it feels like succumbing to investor pressure rather than a real cost cutting measure.
- cmrdporcupine 4y agoAs I commented elsewhere, Q4 earnings report is in two weeks. The last two were poor and the trend wasn't looking good. I expect this is happening in part because Q4's is going to look even worse.
- pocket_cheese 4y agoIf the average cost of those employees is 150k usd, then it's 1.8 billion. I imagine it's probably much higher than 150k depending on how many were US based engineers. If they make 55ish billion this year, I think it makes a pretty decent impact. I 100% support siphoning as much money as possible while doing as little work as possible (a.k.a coasting). However, from a capitalist perspective, it makes sense to try to weed those people out. Gone are the days of a 26 year old making as much as a neurosurgeon while working 20 hours a week.
- whatyesaid 4y agoIn the UK they only have 20 roles for hiring and it's been that way for months prior. Not development jobs by the way, that's all jobs. I've also heard other companies paused hiring (Amazon?) and basically stopped interviewing yet their websites advertise plenty of roles. I wouldn't consider them reliable. You could say it's almost as if they want people to think there are opportunities to aim for at such companies... What you'll have to see is for the next round of "top" CS graduates how it is.