Re:Amazon layoffs now expected to mount to 20k, including to...
by imiric on Sunday December 04, 2022 @05:37AM
(#33852382)
> But what's the solution? I think it's just a result of having a large org.
Right. Maybe Elon's approach is correct, and all these layoffs are a chance for companies to trim the fat and focus on what matters.
We're only now realizing the bubble the tech industry was in, and that pursuing endless growth is not sustainable.
> But when risk appetite is high and the company can afford to throw money at experiments, it makes sense to still pay for the rest of the 80%.
Does it, though? You're paying for full-time engineers to work on bets that might be completely misaligned even if they succeed, which also might be unlikely. And this makes up the majority of your company? It sounds ludicrous in any market.
Right. Maybe Elon's approach is correct, and all these layoffs are a chance for companies to trim the fat and focus on what matters.
We're only now realizing the bubble the tech industry was in, and that pursuing endless growth is not sustainable.
> But when risk appetite is high and the company can afford to throw money at experiments, it makes sense to still pay for the rest of the 80%.
Does it, though? You're paying for full-time engineers to work on bets that might be completely misaligned even if they succeed, which also might be unlikely. And this makes up the majority of your company? It sounds ludicrous in any market.