Why are people all pented-up over a few layoffs? This is the normal order of things.
Over the years the Big Tech companies have hired enormous numbers of bods and most of them are merely flab, adding nothing to the bottom line.
Over the years the Big Tech companies have hired enormous numbers of bods and most of them are merely flab, adding nothing to the bottom line.
agree 100%. But adding to this:
in anecdotal big tech experience at two companies, many people producing no value. they know this. rest and vest is what they did.
managers were given increasing headcounts. they hire more and more managers. explosion of managerial class then hire kids out of school.
no vision..direction..why teams or even entire orgs exist. this a massive grift when you paying $200k+ in salary and rsu alone to most junior ic and $300k to most junior manager.
how you provide value is question no one asked. instead people brag ‘i have org with 60 people’ or 300 people. Ego game, broken incentive, and innovation declines. Customers lose because to show revenue growth, both me companies just show more ads.
hardworking good workers losing jobs. companies to blame but also to blame people comfortable in fake jobs especially managerial class who do nothing.