3 ms·

Companies grow and shrink. That’s not “a massive failure”.

• grey-area 8mo ago
  Cutting staff by half is an admission of massive management failure. Their planning was terrible. Their hiring was terrible. They can’t think of any new projects to put these staff on.
  • kortilla 8mo ago
    Not really. Sometimes markets fail. It was not a management failure when construction companies had to lay people off during the GFC.
• shimman 8mo ago
  You're right, it's worse. It's hurting people's lives, maybe it should be considered a crime in America due to how intertwined having a job is with also having access to healthcare, social services, government services, the ability to eat, the ability to have a place to sleep; it all seems extremely dramatic in this context. All the more reason to tax tech companies more to provide better welfare for the nation because we all know these business magnates are too greedy to care about other humans that aren't them.
  • kortilla 8mo ago
    This is extremely naive. A huge portion of industries are cyclical by the nature of the markets they target. Mining, farming, oil, solar, construction, child care, elder care, etc all have waxing and waning demand. It’s completely detached from reality to think that once someone is hired for a job that the job will be around for 10+ years.