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It costs a lot of money to hire and onboard people. Especially now since tech wages have gone up over last few years and existing employees are probably cheaper
by bko 3y ago
It costs a lot of money to hire and onboard people. Especially now since tech wages have gone up over last few years and existing employees are probably cheaper and onboarded.
So it doesn't make sense that Meta would lay people off and rehire others just for fun. They can be greedy or sadistic, not both. Its pretty obvious they use layoffs to get rid of poor performers and divisions they don't want to invest in any more.
- microtherion 3y agoThe underlying assumptions here are that companies can reliably identify poor performers (I would tend to doubt this, especially at a scale of tens of thousands of employees), that layoffs don't cause negative repercussions among the employees who are kept on (something I know from personal experience to be false) and that skilled employees of a no-longer-in-demand division would be unsuited to the new, hot division (a bugbear of mine is how corporations drive their employees to specialize, then lay them off once they thing they no longer need the specialization).