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Google printed like $75B in net income, are we going to pretend that they need to do layoffs in order to stay profitable? Google isn't some startup that needs
by notfromhere 4y ago
Google printed like $75B in net income, are we going to pretend that they need to do layoffs in order to stay profitable?
Google isn't some startup that needs to bump metrics in order to survive until their next tranche.
- revlolz 4y agoI don't disagree with that sentiment at all. These company's min/max their strategy and operations regardless of the human impact and that is terible. However, I find the sentiment irrelevant to calling out a fallacy in the thinking through the article that layoffs are social contagions.
- notfromhere 4y agoI wouldn't say all the tech layoffs are a social contagion. But amongst tech companies with extremely healthy balance sheets and income numbers, definitely more social than economic phenomenon.
- Animatronio 4y agoYep, they totally should hire 150k people and pay each of them $500k.