Will Tier-1 companies do layoff?

Dell rtrunk
Jul 20 18 Comments

All these FAANG Uber/Lyft/Linkedin etc etc are currently hiring like crazy. When markets go down in a year or more, will they do layoffs ? Comments ?

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TOP 18 Comments
  • Facebook 11040206
    Why wouldn’t they?
    Jul 20 0
  • Google / Eng
    Qlan

    Google Eng

    PRE
    Google
    Qlanmore
    They’ll just slow down / freeze hiring. Since their headcount is growing at 10-15+% yoy, freezing hiring would be similar to reducing headcount by 10-15% (+ people leaving)
    Jul 20 1
    • Salesforce hekolo
      Attrition would likely go down during a market downturn as well as people would have a harder time finding competitive TC jobs elsewhere
      Jul 20
  • Booking.com / Other
    仆街 冚家鏟

    Booking.com Other

    BIO
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    仆街 冚家鏟more
    Of course. Layoffs and restructuring are normal.
    Jul 20 0
  • Bloomberg 1337c4lyfe
    At Bloomberg, a huge product was terminated and every single engineer is being repurposed. Product and project managers on the other hand, not so much.
    Jul 20 0
  • Facebook / Eng TakenToss
    They hire lots of contractors and then do back door layoffs by not renewing. Google in particular.
    Jul 20 4
    • Visa / Eng Jdmfe
      Oh man that is smart.. But some contractors might be needed for "business as usual" tasks
      Jul 20
    • Thales xxXW73
      This isn’t a lay-off. Company could have planned for short term work all along. Contractors go back to their company bench for assignment on a new project.

      Completely different than FTE lay-off
      Jul 20
    • Facebook / Eng TakenToss
      Yep, contractors allow the company to reduce its workforce without official layoffs.
      Jul 21
    • Thales xxXW73
      Yes, by design they are under contract for a fixed period. The majority of time companies let the contract run its course and decide not to renew.

      Well managed companies have some contractor labor buffer to smooth out up and down resource needs
      Jul 22
  • Palo Alto Networks QtYK33
    Ha ha ... Seems like most people never saw a recession. Let's ask some of old timers from companies like Cisco, MSFT, Yahoo, etc., these three in particular minted more millionaires probably even compared to FAANG. At one point they all 1000s of positions open. Then of course Cisco got rid of 15-18K people in one fell swoop when the recession hit.

    FAANG companies will probably drop 10-30% of their workforce if they need to. MSFT also had massive lay-offs but everyone forgets because their stock is at an all time high. I'm sure there are bunch of people on Blind who got laid off from those companies.

    You are living in a dream if you think these companies will always be hiring.
    Jul 21 0
  • Google / Eng batmobile
    "tier 1" companies have very different cultures and perspectives, this depends on the company
    Jul 20 0
  • New galo
    That's much more likely to happen at Dell
    Jul 20 1
    • Dell rtrunk
      OP
      Even i want that as i am not with Dell anymore
      Jul 20
  • Jet / IT tomastrain
    Really depends on how bad the market is. It could be serious that not only just layoffs but some companies got bankrupt and the whole industry could also change. Take a look at the big 5 investment banks. Most of these FAANG companies only helped on the convenience and dimensions of the life but didn't solve the real basic problem such as energy, food or medical etc. So once crisis is coming the investors will pull the money from these bubbes for sure.
    Jul 20 0
  • Google / Eng oilchange_
    Tier 1 companies think long term. You think they don’t account for recession in next 5 years? It takes a lot of effort and money to hire. Why would they waste so time and resources so they can lay off in a a year or two?
    Jul 20 2
    • Palo Alto Networks BlueEyesCA
      You’ve never worked in a bear market or a recession. When the bull market ends I guarantee FB, GOOG, and everyone else will have layoffs.
      Jul 21
    • Microsoft oppensive
      Microsoft had a huge layoff in 2009 with 10-15% reduction. Then, Satya also did by laying off most of SDETs in 2014(?). Not as big but it was close to 10%. Most of them went to work at Amazon lol.
      Jul 22

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