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23 people at Zillow? I don't understand why that made news. But man that sucks for those 23 people.
by deadfece 3y ago
23 people at Zillow? I don't understand why that made news. But man that sucks for those 23 people.
- jjulius 3y agoIt's a pretty darn famous website/company.
- ivalm 3y agoYes, but 23 is ~0.3% of their labor force, which is negligible. Their weekly natural employee churn is likely more than 23.
- bmitc 3y agoThen doesn't it make you wonder why even bother laying them off, if it's apparently so neglible?
- xw3090 3y agoThey might not have. “noting the layoffs were not necessarily cuts in total head count.” The devil is in the details and I know I’m way too lazy to go through all that paperwork and find out. Looks like everyone else is too. :)
- ivalm 3y agoThe positions presumably got closed/not refilled. Zillow itself claims it’s part of normal audit process. Happens all the time and doesn’t make news.
- bjt12345 3y agoClearly they're taking the piss out of the analysts and must be in good financial shape. Like how Bill Gates amd Steve Balmer used to tell Wall St how bad things are.
- Eumenes 3y ago23 people prob quit on a weekly basis.
- BowBun 3y agoFear of layoffs has increased productivity over the last 6+ months. CEOs are coupling this with their forced return-to-office policies to paint a convenient story to further both of their goals - trimming the fat and getting back to a status quo they prefer.
- toomuchtodo 3y agoUnprofitable companies will die regardless of theater. Commercial real estate will take the hit eventually. Structural demographics means labor supply shortages for at least a decade. Someone has to get paid to declare the King’s (collectively speaking) intent I suppose. (disclosing bias, contributing to tech organizing efforts and scholar of the macro)
- sheepscreek 3y ago> Someone has to get paid to declare the King’s (collectively speaking) intent I suppose. Can you elaborate on this?
- toomuchtodo 3y agohttps://fortune.com/2023/09/05/amazon-andy-jassy-return-to-office-decisions-echo-chamber-ceo-feelings-work-gleb-tsipursky/ https://fortune.com/2023/09/05/amazon-andy-jassy-return-to-o... ("Amazon’s Andy Jassy shouldn’t make return-to-office decisions in an echo chamber of CEOs driven by feelings") CEOs collectively saying "you must return to office because we say so" driven by feelings, status, etc with media doing the PR lifting.
- SeanAnderson 3y agoYou have a source for "fear of layoffs increases productivity"? That hasn't really been my experience at companies I've worked at which experience layoffs. There's a huge morale hit from the layoff and survivors soldier on, but certainly not with renewed pep.
- BowBun 3y ago
- latchkey 3y agoIt'll be more than that. They just report on FTE's... not all the contractors and other part time people who they don't have to talk about. Design shops not getting contracts renewed... etc...
- 4death4 3y agoSnap also laid off 20 product managers. It sucks for those affected, but it’s not really a newsworthy layoff.