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I saw this post floating around social media. Layoffs at apple 0 The rest HN already knows. 50k+ in the other FAANGs. Company count change in last 3 years

I saw this post floating around social media. Layoffs at apple 0 The rest HN already knows. 50k+ in the other FAANGs. Company count change in last 3 years Apple: +20%. Amazon: +100%. Facebook: +94%. Google: +57%. Microsoft: +53%. So there is simply the case of massive overhiring in c19 times. Is it really so bad though that they overhired in lockdown times where unemployment and desperation soared and layoffs are now during a time where tech people usually have an offer or two within weeks? Just playing devils advocare here.

rsj_hn 4y ago
This is hacker news, so they are going to be focusing on tech layoffs, but really there are layoffs happening in all industries, and tech is about the middle of the pack. In terms of complaining about growth companies being too aggressive in hiring, I mean, that's the point of a growth company. Almost all companies gearing up for fast revenue growth get fast headcount growth as part of the deal. For some data, you can look at BLS layoff by industry reports here: https://www.bls.gov/news.release/jolts.t05.htm https://www.bls.gov/news.release/jolts.t05.htm The biggest hit industry has been arts, entertainment, and recreation. The second biggest hit was construction. The third biggest hit was professional and business services, and information was fourth biggest hit. After that, transportation, trade, and utilities. The usual safe sectors like government are doing well, but mining and manufacturing as well as retail have done pretty well. My personal theory is the reason for all these news articles is that media has been hit really hard. So the journalists writing for media are in mass panic mode -- not a good time to be working for either a news website or legacy news outlet.