As the title suggests I have seen Google,Goldman and Spotify slashing around 6% of workforce. What's with the magic number 6%?#layoff
McKinsey gave them probably
Either that or Jerome Powell is decent at maths I guess. They must be using a model where it outputs the economic state taking this as one of the inputs
6 from 69. IYKWIM
I did have same question. It seems that these large technical companies have same group of tycoons standing behind.
Enough to cut costs in a measurable way to improve the profit margins without actually cutting things that will affect current or near future revenue. It's a sacrifice to appease the stock market.
They’re all doing the exact same thing. It’s a manufactured recession.
Hire the same consulting company using the same template for all customers.
Getting paid for churning out random numbers 😂
Number of the Devil 😈
It’s low risk. None of this is about the economy, it’s about instilling fear and regaining control over the labor market, but they want to do so without causing any real harm to the business
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It sounds better than saying it’s actually closer to 10% or more