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I would caution against drawing grand conclusions from these recent layoff rounds. Companies overhired during the pandemic, and now they are trimming that fat.
by spaceywilly 3y ago
I would caution against drawing grand conclusions from these recent layoff rounds. Companies overhired during the pandemic, and now they are trimming that fat. It’s not necessarily a sign of any big strategic mistakes beyond “we hired too many people”
- jklinger410 3y ago> Companies overhired during the pandemic, and now they are trimming that fat Citation needed
- rcbdev 3y agoAnyone who had a LinkedIn profile in tech with open DMs during that time will probably confirm this.
- spaceywilly 3y agoThe original article >ValueAct’s chief executive, Mason Morfit, said Spotify’s costs had “exploded” and that it was “built for the bubble”
- jklinger410 3y agoCOVID != "the bubble"
- dlkf 3y agoI think this is actually pretty well-established, eg https://news.crunchbase.com/layoffs/analysis-big-tech-pandemic-amzn-meta/ https://news.crunchbase.com/layoffs/analysis-big-tech-pandem...