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How much of these layoffs are really just trying to keep investors and the stock price happy, as opposed to past over-hiring and stagnated profits?
by mproud 4y ago
How much of these layoffs are really just trying to keep investors and the stock price happy, as opposed to past over-hiring and stagnated profits?
- lbriner 4y agoThose are the same thing! Investors care about profits, which are dented by over-hiring.
- PartiallyTyped 4y agoIt is definitely to keep investors happy because it comes with RTO, which is another thing investors seem to like. AZ could have very well gone nearly 100% remote for SDEs and slash the office costs without messing up teams and deadlines.
- x86x87 4y agoHah. Now we're using logic? RTO is about control.
- avrionov 4y agoThe stock price is down 2.5% today. The investors didn't like it for some reason.
- hinkley 4y agoMy experience is that Wall Street loves a 1st round layoff, interpreting it as cutting fat. Anything after that they interpret as cutting into the meat of the business. They may or may not also see multiple rounds in the same light many of us do: as incompetence in the management team.
- stellalo 4y agoMeta jumped up 5% at their new layoffs announcement last week