Tech Layoffs Debate

There are many good reasons for lay-offs, for example, in the case of Twitter, as they would have run into cash flow issues without them. However, the recent lay-offs appear to be copycat behaviour. All the companies had plenty of cash, good revenue, and staff turnover rates multiple times the lay-offs. A hiring freeze would have been sufficient. Most of the companies affected are still hiring and will likely ramp up hiring again towards the end of 2023 if a recession is avoided. As flagged up b

Isn't this also the part of the company that has recently suffered mass lay-offs? Seems like they're axing the wrong part.

Why is your tin foil hat on? You do not believe what you said is the case and are downplaying its likelihood? If you do think this is the explanation, I think you can safely take the tin foil hat off. It’s hardly that unlikely, and many people think this is exactly the reason for the layoffs. Companies have every incentive to do this.

Not to offend anyone affected, but considering the cost/profit structure of those big companies has not really changed that much (except, maybe, Meta), I get the feeling, that this round of layoffs is in some ways welcomed by those companies.In many cases, they are basically returning to pre-pandemic levels and instead of an actual financial need, these layoffs are probably a result of the fact that you cannot effectively incorporate an headcount increase of 20% in a high-tech company w

I think he's suggesting that they want to do periodic layoffs regardless but that there may be a more negative perception of doing so in isolation rather than the current situation of multiple other big tech companies doing it.

They definitely don't need that many, hence the layoffs.

You’re assuming the layoffs are a reaction to poor strategy and/or decrease revenue potential, but that’s not always true. It could be that the market is shifting away from that company for some external reason, or that those employees were truly redundant.

whats wrong with that?> In a letter to employees, Benioff blamed the layoffs on the company hiring too many people during the pandemic as "revenue accelerated," and took "responsibility" for hiring people leading into the current "economic downturn."Or that companies have sussed out better competing products?

These companies are over bloated and it seems he can't write "well most of you aren't doing anything useful so we are using the downturn to fire you" so they BS their way through. Nothing to do with current revenue.

Conspiracy theory: coordinated layoffs to try and depress the cost of hiring SWEs and other "tech talent" across the board.