Arm to drop up to 15 percent of staff, about 1k people

Re:Arm to drop up to 15 percent of staff, about 1k people by mattkevan on Tuesday March 15, 2022 @05:03PM (#30691682)

That’s happening where I work.

There was a shock round of layoffs a few months ago, triggering a mass exodus. They’ve now had to start hiring again to make up numbers.

The amount of team disruption, lost domain knowledge and hiring expenses, especially as new people will want to be paid more, must have cost the business far more than they saved from the layoffs.

So short sighted.

[ Parent | on HN ]

Re:Arm to drop up to 15 percent of staff, about 1k people by ThrowawayIP on Tuesday March 15, 2022 @05:25PM (#30691936)

I'm sure your CEO got their bonus though, if not a premium on the bonus because they lead the company through such hard times.

[ Parent | on HN ]