Big tech is thriving despite the layoffs::undefined
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They are “thriving” because of layoffs, there is no more direct path to increase profits than to stop paying employees
I’d say that they’re “cooking the books” as in: making it look like they’re in better shape than they are by cutting costs, but causing irreparable damage to themselves that will manifest in the long run.
I’ve survived 3 layoffs at Spotify last year alone. Once I started working there It didn’t take long to be proud and feel happy about it. Now, although people still find it cool when I tell them and I still do the same job (no workload increase), I know it is just like any other greedy corpo and I feel compelled to care less and less.
Yep. Recently saw it at my employer. It happened fast too. One day there was a lot of chatter on Slack channels and the day after the general noise was almost nothing that was not required.
this is exactly what is happening in the industry lol
It’s a combination of higher interest rates, short term thinking, and a follow the crowd mentality when CEO’s see everyone else cutting back.
