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Most people actually don't work at immensely profitable FAANG companies.
by daedrdev 2y ago
Most people actually don't work at immensely profitable FAANG companies.
- __loam 2y agoAnd yet they're so massive that them all doing layoffs at the same time despite that profitability has a huge impact on the labor market of the while industry.
- daedrdev 2y agoIf someone produces less effort than they cost, it's reasonable to fire them even if the organization as a whole is profitable. That's probably not what the FAANG companies did, but layoffs are not unjustifiable for profitable companies.
- __loam 2y agoWe're not talking about performance terminations here.