I think thats a (shocker) overly simplistic approach to the dynamic. Layoffs are never a good look - and we’ve had an unprecedented boom time in tech for the last 20 years.
Companies were hiring just so competitors couldn’t. That doesn’t really happen anymore outside of AI.
We had what felt like make-work jobs, some nice guy or gal that no one wanted to fire who was “involved” but literally not responsible for anything.
Broad layoffs in the industry gave everyone cover to make unpopular decisions because everyone is doing it.
I don’t think - at least the ones I saw directly - it was the wrong choice.
Layoffs are considered a good look by big shareholders, though. Most of the time when the layoffs hit, the stock price goes up. Just look at Unity for a recent example. (I’m convinced they don’t think it’s good for the company and they just like seeing people suffer but i have no evidence for that.)
I think thats a (shocker) overly simplistic approach to the dynamic. Layoffs are never a good look - and we’ve had an unprecedented boom time in tech for the last 20 years.
Companies were hiring just so competitors couldn’t. That doesn’t really happen anymore outside of AI.
We had what felt like make-work jobs, some nice guy or gal that no one wanted to fire who was “involved” but literally not responsible for anything.
Broad layoffs in the industry gave everyone cover to make unpopular decisions because everyone is doing it.
I don’t think - at least the ones I saw directly - it was the wrong choice.
Everything you described is still mismanagement.
Layoffs are considered a good look by big shareholders, though. Most of the time when the layoffs hit, the stock price goes up. Just look at Unity for a recent example. (I’m convinced they don’t think it’s good for the company and they just like seeing people suffer but i have no evidence for that.)