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If, perhaps: * The tech layoffs were more spread out over the last year of the war instead of heavily concentrated. * They were more aligned with the general
by pydry 4y ago
If, perhaps:
* The tech layoffs were more spread out over the last year of the war instead of heavily concentrated.
* They were more aligned with the general economy rather than each other
* They were weren't concentrated in very profitable companies that have consolidated their position in the wider economy.
* They hadn't been caught colluding to lower wages before.
I'd be less suspicious. None of these are the case though.
- theonlybutlet 4y agoIt's likely opportunistic. Sentiment is important for stakeholders. When others in the market are doing it and improving ratios, shareholders are going to ask questions if you aren't doing the same. It's also the ideal time as your employees that stay do not blame the company but rather the market and you can maintain a positive culture, the staff you want to keep are also less likely to jump ship as they presume others are not hiring in this market. Big organisations scenario plan and it's likely they had an emergency retrenchment plan up their sleeves in case they needed it, which can explain how they were able to execute so fast. It also explains why there are some strange decisions taken.