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Probably all of the above is true. From an outsiders, it looks like all of FAANG has scaled to the point where delivery, perf and managing the business has bec
by ownagefool 3y ago
Probably all of the above is true.
From an outsiders, it looks like all of FAANG has scaled to the point where delivery, perf and managing the business has become quite cumbersome. This, I suspect is why they're all used the economic climate to cut back, as they largely are unable to see the benefit of the additional hiring.
I have no doubt most of the talent is top tier, but being a strong engineer doesn't deliver profits nor cost savings on it's own.
- water-your-self 3y agoHiring is always profitable as it lowers the average cost of your engineers. Layoffs are a way to accelerate that cost averaging.