Mass Tech Layoffs? Just Another Day in the Corporate Blender.
https://www.nytimes.com/2024/03/21/opinion/tech-layoffs-silicon-valley.html
Ashley Goodall:
After shedding over 260,000 jobs last year, the greatest carnage since the dot-com meltdown more than two decades ago, the major tech companies show little sign of letting up in 2024 despite being mostly profitable, in some cases handsomely so. In their words, the tech companies are letting people go to further the continuing process of aligning their structure to their key priorities, or “transformation” or becoming “future ready.” Behind these generalities, however, some tech companies are using what has hitherto been an extreme measure in order to engineer a short-term bump in market sentiment.
Investors are indeed thrilled. Meta’s shares are up over 170 percent amid its downsizing talk. And where stock prices go, chief executives will generally follow, which means it is not likely to be long before the unnecessary layoff makes its appearance at another publicly traded company near you.
https://www.nytimes.com/2024/03/21/opinion/tech-layoffs-silicon-valley.html
Ashley Goodall:
After shedding over 260,000 jobs last year, the greatest carnage since the dot-com meltdown more than two decades ago, the major tech companies show little sign of letting up in 2024 despite being mostly profitable, in some cases handsomely so. In their words, the tech companies are letting people go to further the continuing process of aligning their structure to their key priorities, or “transformation” or becoming “future ready.” Behind these generalities, however, some tech companies are using what has hitherto been an extreme measure in order to engineer a short-term bump in market sentiment.
Investors are indeed thrilled. Meta’s shares are up over 170 percent amid its downsizing talk. And where stock prices go, chief executives will generally follow, which means it is not likely to be long before the unnecessary layoff makes its appearance at another publicly traded company near you.
The Class Struggle in Silicon Valley
Deeming Mass Layoffs a ‘Failure of Leadership,’ One Company Fine-Tunes a Strategy to Avoid Them
https://www.wsj.com/economy/jobs/how-one-company-navigated-a-boom-and-bust-with-no-mass-layoffs-92ea9be4
A medical technology firm questions every new hire and redeploys staff to keep head count steady
https://www.wsj.com/economy/jobs/how-one-company-navigated-a-boom-and-bust-with-no-mass-layoffs-92ea9be4
A medical technology firm questions every new hire and redeploys staff to keep head count steady