Let’s assume Meta has their second round of layoffs next week or early March. Which companies are going to follow? #layoff #severance #meta #google #amazon #microsoft #pinterest #salesforce #atlassian #uber #snap #stripe #palantir #airbnb #lyft #roblox #netflix #datadog
Probably all of them. It’s almost a free pass for reducing costs and streamlining, and if they overdo it, they can just hire again
Reducing costs and stream lining is the complet opposite of what is happening with these layoffs because they are so poorly executed
Doesn’t matter how it turns out, just matters what it looks like on paper
So glad I didn’t interview with any of these companies during my last job hop.
Amazon and then Google.
I can bet my money on Google.
Yeah. I heard the same from Googler friends. Another 10k+ layoff is coming possibly in july/August.
All of them.
All of them. It’s time for the apocalypse.
All the rate increase hasn't been effective in taming inflation, which means Fed is going to push ahead with more rate increase to destroy demand and reduce inflation. Thus loans / operating capital will be more expensive and advertisent spend (plus any other spend) will significantly reduce. There will be more rounds of layoffs. We should remember the Tech companies staffing levels even after initial round of layoffs are still much higher than 2020/2021 baseline.
Reasonable explanation
2021 baseline
Google of course 😏
All companies will layoff these middle managers who doesn’t really perform well to the overall company goals.
They should dump the sub-par ICs, demote the middle managers, and cut their pay by 75%. Meta had been overpaying for years. It's time to fix that.
(Andy Jassy)
All of them
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Let’s not be pessimistic here