2 ms·

Or maybe it’s just a balance sheet thing

• boringg 4y ago
  Agreed it seems a beyond far fetched here to think that the backlash from the free money pandemic spending period is collusion to shutdown worker power. To me it seems more like all the executives are seriously concerned about their revenue and costs going forward into a recession that was increasingly clear as a function of deteriorating macro economic conditions. There seem to be a lot of easier options to justify the actions than the one in the article. I'm not against tech unionizing I unfortunately find the argument weak however tantalizing for those who might prefer conspiracy theories.
• empathy_m 4y ago
  Both, I think. If everybody lays off 6% of staff in strategically low-value projects, there will be a glut of workers willing to take new lower salaries. These jobs are still in high demand, and the company can reset compensation for new hires to a new baseline. Example of this happening here: https://twitter.com/hkarthik/status/1618007542483025923 https://twitter.com/hkarthik/status/1618007542483025923 This saves on labor costs at minimal productivity cost to the company. Great for capital.
  • spacemadness 4y ago
    Right, I’m not sure why people here are assuming there only has to be one reason behind a decision. An overarching strategy, if there is one, needs to look at all results of a decision.