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> Companies lay off people because they can, simple as that Pretty cynical and unfair IMO. Meta layoffs were the first time the company did layoffs in its enti
by 3minus1 3y ago
> Companies lay off people because they can, simple as that
Pretty cynical and unfair IMO. Meta layoffs were the first time the company did layoffs in its entire history. Layoffs are super unpopular with employees. It's not like they wanted to do it.
This argument is lazy. Like suddenly there's a huge wave of layoffs, and your explanation is "they could." That really offers no explanation for why it happened now vs. literally any other time.
- HellDunkel 3y agoIn banking and consulting this is not unusual. Some let go the lowest perfoming 10% every year. They do it because it is beneficial to their case and there is no resistance. Scaling quickly has risks and the current wave of layoffs is just a way to minimize risk. It is probably better this way than raising tons of cash until things are falling apart and you are forced into panic mode.