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Almost every major tech company laid off a significant fraction of their staff this year. Numbers show the wave has cooled off, but let's not be optimistic abo
by klyrs 3y ago
Almost every major tech company laid off a significant fraction of their staff this year. Numbers show the wave has cooled off, but let's not be optimistic about next year, when CEOs make their annual "do something incredible for profits, or lay off a bunch of people to cut expenses, or why not both" decision to lock in next year's bonus.
- nine_zeros 3y ago> CEOs make their annual "do something incredible for profits, or lay off a bunch of people to cut expenses, or why not both" decision to lock in next year's bonus. This is the reason why so much upper management appears so detached from actual work. They are under constant pressure to sell the next growth area (aka buzzword) to the CEO that cares about their own compensation not going down.