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Yup, when one major tech company announces layoffs, all others appear to use the occasion as cover to do their own. Voluntary exit is usually followed by layoff
by androiddrew 1y ago
Yup, when one major tech company announces layoffs, all others appear to use the occasion as cover to do their own. Voluntary exit is usually followed by layoffs if they don’t hit the numbers they are targeting.
- AlotOfReading 1y agos/if/when/
- datacruncher01 1y agoWell it's part of the hiring strategy with tech companies. You hire based on your competitors hiring. The company that can raise to hire more talent is able to get to market on the next big thing before the competition and see stock value rise. But when a down cycle hits, they all drop hiring to match because you're overspending and will see stock prices drop to the competition.