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To quote HN user @badhombres from the original thread: > Not surprising. Every company is going to take the opportunity to trim costs when it doesn't affect th

To quote HN user @badhombres from the original thread: > Not surprising. Every company is going to take the opportunity to trim costs when it doesn't affect their PR as much as it would any other time. I'm pretty sure this is really what's going on here. These CEO's are killing all of these jobs while they can (seemingly without any repercussions). I was talking with my dad about these layoffs and one of the interesting things we talked about is how different the loyalty formula is nowadays. My dad grew up during a time when folks happily worked for, and were loyal to, one company sometimes for decades. Nowadays, sadly, it's not smart to trust any of these companies for more than a few years. These layoffs prove that. Whether it's companies laying off folks who've been at the company for 20 years (see: Google) or companies laying off new hires, any loyalty seems to be one-sided.

eweise 4y ago
Yep. Vest and move on.
netfortius 4y ago
A lot of this is sourced in the 2021-2022 job seekers market, when everybody and his brother could get a job. There were hiring sprees not because there was an obvious need for a/that particular level of skills and experience, but because there were a lot of companies thinking "if we don't get this guy/gal now, someone else, maybe even a competitor, may". I've witnessed it especially in the blockchain/web3/cryptoBS areas. I know of a company which had a target of min 25 hires/week, and kept that pace for three-four months. When I tried to insert a cost analysis process in their Infra organization, part of an operational model meant to get them to a more mature level than forever startup, I was told that "money was no object", so I should focus my advice in other areas. Of course I left them, soon thereafter, and now I see them in the news, alongside all others, letting people go. Oh, well...

eweise 4y ago

Yep. Vest and move on.

netfortius 4y ago

A lot of this is sourced in the 2021-2022 job seekers market, when everybody and his brother could get a job. There were hiring sprees not because there was an obvious need for a/that particular level of skills and experience, but because there were a lot of companies thinking "if we don't get this guy/gal now, someone else, maybe even a competitor, may". I've witnessed it especially in the blockchain/web3/cryptoBS areas. I know of a company which had a target of min 25 hires/week, and kept that pace for three-four months. When I tried to insert a cost analysis process in their Infra organization, part of an operational model meant to get them to a more mature level than forever startup, I was told that "money was no object", so I should focus my advice in other areas. Of course I left them, soon thereafter, and now I see them in the news, alongside all others, letting people go. Oh, well...