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Most big tech companies did mass layoffs in the past few years. They are now fully recovered and posting record profits this week all with the same leadership.
by pizzathyme 2y ago
Most big tech companies did mass layoffs in the past few years. They are now fully recovered and posting record profits this week all with the same leadership. You are saying they are incompetent and someone else could have navigated this better?
- triceratops 2y agoThose profits could've been even higher if they hadn't overhired, then paid out massive sums in severance.
- qeternity 2y agoA company's profits will, without exception, be lower if they never take any risks.
- klausa 2y agoYes, they could have just not fired the people and have ridden the AI wave all the same. Do you genuinely believe that the record profits are due to the layoffs, and not just because we just lucked out to enter a new bubble?