4 ms·
I generally share a skeptical take when it comes to employment, but there is also a less devious narrative that fits the available evidence. These companies wa
by edmundsauto 3y ago
I generally share a skeptical take when it comes to employment, but there is also a less devious narrative that fits the available evidence.
These companies wanted to cut projects and orgs because they didn’t see a future in them. They needed the ability to make clean cuts, which meant taking out some of the meat with the fat. Otherwise the layoffs get drawn out and messy with internal fighting over headcount.
I bet the employees who got laid off then rehired are pretty happy. Some of them even got a 4 month garden leave of sorts, then return to their old company.
- cmiles74 3y agoIMHO being laid off is stressful, even if you can logically tell yourself it's not yet time to worry (i.e. you have a good amount of savings). I sincerely doubt these employees felt anything like being on vacation. As to a "less devious narrative," I think all we need to do is remove this idea of planned outcome (lower wages for people working in software) in order to strike the "devious" from this theory. It's clear Wall Street wanted tech companies across the board to shed employees, as others have pointed out that's probably enough to get CEOs to lay people off.