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I really enjoyed The Atlantic's take: > Shedding employees when everybody else is doing it avoids drawing public scrutiny to or creating reputational damage fo

• roncesvalles 4y ago
  Companies like Google and Microsoft had a reputation for being stable companies to work for and job seekers used to value that (= accept lower pay to join these over other offers). For such companies, the reputational harm is enormous, costly, and permanent. Meanwhile, Apple now holds the crown in this category and the labor market will reward them for it in the coming years.
  • catchnear4321 4y ago
    Companies like Google and Microsoft have done layoffs before, and will do layoffs again. “Stable company to work for throughout your career” died with pensions. Maybe this will be the death of “rest and vest,” which would be welcome.