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I guess more details would be needed to opine about it but it is hard to believe that a multiple trillion dollar company with 150000 employees can't do anything
by melenaboija 3y ago
I guess more details would be needed to opine about it but it is hard to believe that a multiple trillion dollar company with 150000 employees can't do anything to keep 600 people no matter what they were doing :(
- Smaug123 3y agoApple isn't a jobs scheme or a charity, and its primary purpose is not to keep engineers employed - I'm sure the organisation could have kept those 600 people if it wanted to!
- onlyrealcuzzo 3y ago> I'm sure the organisation would have kept those 600 people if it made financial sense to!
- melenaboija 3y agoApple is not a charity but is one of the most impactful organizations in the planet and probably should think a little bit ahead of this. Im sure they have enough smart people to find some way of working this around other than making the stakeholders happy.
- trogdor 3y ago> Apple isn't a jobs scheme Kinda is, if you’re going for the pun
- Smaug123 3y ago(I did specifically choose to leave that wording in :P )
- anonuser123456 3y agoEmployment is a game of matching; the employer wants to match a skill set to a particular job. It’s entirely likely people on these products don’t easily match internally. The job market for people capable of working on Apple high end R&D is also likely much better at matching then Apples internal HR, simply because the market has so many more openings.
- neom 3y agoEspecially at Apple. Although I've never worked for Apple, I did spend a year at a company that built internal software for Apple, my experience was that their teams are tightly coupled and very, very long-lived (hence they had external software shops building internal tooling for them).
- stephc_int13 3y agoBad move from Apple. Classic instance of the sunken cost fallacy fallacy (not a typo). They prefer to cut their losses and forget about how much they spent recruiting those people. Keeping them might seem wasteful on the short term, but such skilled workers could likely be made profitable in a big R&D powerhouse. But the real cost is damaging their reputation among future candidates and current employees, and lowering their perceived value as an employer. For the most skilled and efficient engineers, choosing to work for big tech is always a tradeoff, a company like Apple is usually very appealing for the most risk-averse.
- indigobunting 3y agoI still don't see why you need to say fallacy twice.
- deleted 3y ago[deleted]
- zdragnar 3y agoRecruiting employees is a sunk cost. There is a concept that it is a fallacy to maintain the cost because so much has already been spent- in other words, "throwing good money after bad". In this particular case, GP posits that fallacy is itself a fallacy, insomuch as there is no greater opportunity the company could pursue which required laying those employees off. The reputational harm done, among other things, is a hidden cost not reflected in the numbers of their salaries, and surely they could have participated in other R&D efforts, or something along those lines.
- KineticLensman 3y ago> Classic instance of the sunken cost fallacy fallacy (not a typo). They prefer to cut their losses and forget about how much they spent recruiting those people. The Sunken cost fallacy would be to retain those people because of the costs irrevocably incurred (sunk) recruiting them, employing them to date, etc. Apple are (apparently following a theoretical economics position) considering the prospective costs going forward of keeping them, when they no longer have an obvious future revenue stream, and would still generate additional redeployment/retraining costs
- interactivecode 3y agofully agree. Totally ridiculous that a company who makes that much profit is allowed to delete the primary income source of these employees just because they decided to stop their car project. I would love regulations to make it impossible to eliminate jobs unless the company is bankrupt. Considering how much is of your life is dependent on having an employer, it shouldn't be this easy for a company to toy with that. More so when a company has so much profits. They could totally offer other positions within the company. If needed support people learning new technologies or languages. Or use these people's expertise to start new projects. but firing it totally unnecessary.
- JumpCrisscross 3y ago> regulations to make it impossible to eliminate jobs unless the company is bankrupt This is how you zombify your economy.
- interactivecode 3y agowhat was the saying again? the beatings will continue until morale improves? Is the threat of financial ruin or the threat of starving worth the advantage that you yourself are getting? Inside the current "free market" do you really have the agency, choice or leverage to choose a different economic relationship with your employer if you would want one?
- JumpCrisscross 3y ago> Is the threat of financial ruin or the threat of starving worth the advantage that you yourself are getting? False dichotomy. There are a myriad of options between the status quo and transitioning to a Southern European-style employment model. > Inside the current "free market" do you really have the agency, choice or leverage to choose a different economic relationship with your employer if you would want one? The solution isn't in making the current economy sclerotic, but in better distributing its gains. Destroying the gains just makes everyone poorer. And when that happens, empirically, inequality goes up, not down.
- 3y ago
- Tagbert 3y agoIf they are automotive engineers, mechanics, and other auto-specific roles, there is little chance that they would be a match for other jobs that Apple needs. They were given a nice severance deal and will be able to find new job pretty quickly. the last time I was laid off, it was a relief. The project was clearly failing and the work had become drudgery. When we all got laid off and given severance money, we all went to a bar and celebrated. Then we all went and got other jobs. Remember, the unemployment rate is under 4% right now.