Bay area layoff wave
Been seeing trickle of engineering layoff posts on Blind, Dropbox, VMware, Walmart. What company you think will be next to lay off expensive bay area people? #layoffs
Why are they happening
Funny you asked, paypal blinders have been blaming paypal hiring McKinsey to execute their layoff strategy. (Not sure if the claim is true)
Maybe it’s all this remote work. Companies are realizing they don’t need to pay Bay Area salaries
Rumor has it we’re doing it soon
What?!?! Will it be as big as last time?
God I hope not
Almost all of them. Jobs will be moved to states with lower cost of living, Canada, Europe and elsewhere.
Why is this happening now? Stocks are 🚀
Stock prices often go up after “cost-cutting”
not for DBX
I wonder if this could effect housing prices.
no, too many new millionaires from the stock market.
https://www.daxx.com/blog/development-trends/software-developer-shortage-us
Are you guys insane? I’ve never seen so many job postings
PayPal is going through one right now