this post was submitted on 24 Aug 2024
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This isn't actually accurate - the layoffs were performative to boost their stock prices... most of those big tech firms are still aggressively hiring people.
I wonder if it's more to get rid of bad employees. In most Western countries it's really hard to fire people that are just a bit crap, or even very crap. If you have big layoffs then the bar is much much lower so you can get rid of them all at once. It also sends a very strong message to people to not take their jobs for granted.
I dunno; I haven't actually been involved in layoffs yet fortunately.