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A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this? (lemmy.world)
submitted 2 years ago by to c/workreform@lemmy.world
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[+] -6 points 2 years ago (1 child)

But he's still correct. Having too many people on way too inflated salaries isn't good business sense. Over hiring can hurt people's careers, too.

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  • [–] 5 points 2 years ago

    I work in tech.

    The average time a software engineer, regardless of level, stays at a big tech company is around 18-24 months. That, surprisingly, hasn't changed with the market slowing. Many are still taking jobs at a higher level at smaller companies, or leaving to do other things.

    Given the severance paid out for many of these employees, alongside the operational damage caused, it's likely that the people they laid off or forced out would have already left for another role. Funny enough, many of the companies that laid thousands of people off are still hiring external candidates, or people on boomerang deals to return to the company after 6-12 months.

    It was always a short-sighted move, triggered by everyone else doing the same thing. While you're not wrong, I don't have enough faith in these companies to run things for the benefit of their current employees.

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