2 ms·
Twitter layoffs of 2022 might have been the Lehman Brothers moment that marked the end of programming gold rush.
by rl1987 1y ago
Twitter layoffs of 2022 might have been the Lehman Brothers moment that marked the end of programming gold rush.
- disqard 1y agoI think you're spot-on! It was a first, and then the entire collection of CEOs showcased their herd mentality by jumping on that bandwagon. It's kinda like the anti-poaching collusion that happened... gosh, 10 years ago! https://www.cnet.com/tech/tech-industry/apple-google-others-settle-anti-poaching-lawsuit-for-415-million/ https://www.cnet.com/tech/tech-industry/apple-google-others-... ...only, this time, there's some bullshit "economic headwinds" arguments being advanced as reasons for these layoffs. I remember experiencing actual belt-tightening in 2008-09, where it was disgraceful-but-necessary-to-save-the-company. It's nothing like that this time around.