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When the pandemic hit I was working at a name SF company that immediately -- day one -- cut all contractors & consultants. They pivoted from working on things t
by browningstreet 4y ago
When the pandemic hit I was working at a name SF company that immediately -- day one -- cut all contractors & consultants. They pivoted from working on things that had 2 year delivery timeframes to things that had 30 day delivery time frames. Then everyone who was left got run into the ground because their business boomed (one of those companies that thrived during the pandemic).
So sure, they didn't need all those other people when they were trying to build big things that took years of development, but those same people were cut and left to fend for themselves while the company recorded record revenues and profits.
Now, in the case of the pandemic, these things were hard to predict. Contractors & consultants know they're expendable, they're paid to be (though, not like they used to be).
But now companies are giving at least three orthogonal messages: 1) we're doing fine but productivity requires everyone to please come back into the office, and 2) we're not in a recession but we're going to cull the herd in big numbers anyway, and finally 3) we have to control and minimize corporate spending.
It's hard not to think that the cullings are part of an effort by the big corps to assert greater control over their employees. There's a collective hurt being spread across the workforce, a quelling of employee pushback against RTO policies (the pandemic is still happening, in actuality), and a desire to bring salaries back down by minimizing the opportunism of mobility via strategic attrition.
I do wonder a) how the orgs that are remote-first in hiring are faring in this climate, and b) if this will start a tumble in housing in HCOL areas.
- deleted 4y ago[deleted]