Instacart so far is the only company which has announced layoffs. What is stopping Instacart from laying off especially as the recession hits?
Lots of companies haven’t announced layoffs. Instacarts service is discretionary. If ppl wanna save money they’ll buy direct or look for the cheapest substitute offering. It could be a race to the bottom business which arguably puts instacarts revenue at risk
There are many companies who has not announced layoffs. TikTok is hiring rigorously in this recession.
Every company is the “safest” until they do layoffs. People were saying Google was the safest for the longest time. Now people are saying Apple is the safest. Wait and see.
What makes you think we are immune? Get off your high horse.
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Safest is Meta, Google, Microsoft since they already did layoffs.
What makes you feel meta won't do again? We're you at the recent qna
Instacart is a luxury service at a 25-40% premium, and the company is dead in the water in a recession. I would bet money on Instacart folding within two years.
Insta is indeed safe. What is unique about insta is that they paid employees in highly inflated RSUs for years, did not burn capital and stayed profitable. They also almost never offset for falling valuations by issuing more rsus. This was very smart way to employ smart expensive engineers with inflated paper money during boom time. Show me another company that has created so many paper millionaires but doesn’t want to go public. Masterful display of what is achieveable with just paper money. Also no severance expenses. Each round of valuation cut is already like voluntary layoff without the expenses and controversy.
There might be oneround of layoff in insta before summer
Almost 100% certain of that. It may not be a mass layoff but based on recent reviews, the bottom ranked folks are highly likely to be piped. It makes sense to do that (and hire some good talent out there).
Instacart and Uber the two safest companies ✊🏿
Uber laid off 14% of their employees in mid-2020.
Seriously doubt this. They have the most % revenue to gain with layoffs, seeing as how they are ops companies and not software