4 ms·

None of these massive FAANG companies are anywhere near crashing.

• iamflimflam1 4y ago
  Exactly this - if you're still making massive profits then layoffs are unnecessary. You could just instigate a hiring freeze and let natural attrition run its course. But that would involve having some balls and managing a business in a way that is good for everyone.
  • ibejoeb 4y ago
    When all of these companies act together to influence the labor market, they can subsequently cut long-term costs due to the natural suppression it effects on wages. I'm seeing very significant reductions.
  • andsoitis 4y ago
    typically a company also refocuses where they spend effort or make changes how they operate and that leaves a lot of people without meaningful work that matters. not only will those people be demoralized, but those around them too, together with continue collaboration and communication complexity. waiting for that to organically resolve it self would be terrible leadership.
    • anon7725 4y ago
      Many/most of these companies have a huge portfolio of projects underway and have lots of open headcount that they’re hiring for. What sense does it make to say cut an engineer from one org only to hire another one a month later for another org? Literally no thought is given to redeploying the labor force against the new set of projects. Just cut and rehire. It’s the ultimate short-termism, lack of vision and lack of leadership. Ironically all of these companies blather on about leadership but fail to even demonstrate a scintilla of it. Leadership just means “plays political game competently” at these companies.