Yes, I'm paid well, and yes I have more of a cushion to land on if I got laid off, but I know folks who got laid off last year who haven't been able to get a new job for months. I don't have 6 months of all of my living expenses just laying around in a bank account, and even if I did, that pretty much wipes out my savings.
"Other people are doing worse than you" doesn't mean there aren't rational fears. Making an engineer's salary doesn't set you up for life within a few years.
Our "high" salaries could quickly evaporate if we're not paying attention while the owners of capital are taking advantage of excuses to wage class warfare.
It's even funnier when that discourse seem to mostly happen when firings happen, as if losing your highly-paid cushy job makes you a proletaire.
Except for the part where if you get fired, a countdown starts for when you become homeless and then starve? Especially in the US?
"professional managerial class"
are still labor, since their primary expression of economic power is through the sale of their labor.
Stop trying to drive class division.
I don’t really agree with the idea that there is an underlying wish to “instil fear” or whatever. I agree even less with the attitude that we should all shut up and be happy so long as someone else is worse off.
The working class and employing class have nothing in common.
Also, if the intention was to "instill fear". Why give good severance? Why not give nothing?
You lay off hard to instill fear and legally-depress everyone's wages, but you give good severance so that when you inevitably want to hire people in the next two months (as GitLab is likely to do), they're aren't too terrified to accept your offer because of all the layoffs you just did. 7% of staff as "layoffs" comes out to about 150-ish? people, but they are also currently hiring for over 100 open job position at GitLab on job boards right now. GitLab is also up 74% year-over-year in quarterly revenue, and had their highest sales quarter ever just four months ago, according to their own PR department (https://ir.gitlab.com/news-releases/news-release-details/git...)
It's a pretty transparent process, frankly. Lots of companies are doing 'fake layoffs' (layoffs they don't need, done solely to appease the executive class, who strongly desire a recession), but unfortunately for them, the truth is that the economy isn't anywhere close to a recession, so they simultaneously have to keep hiring open, to keep labor incoming, to keep up with all the new business growth or increased sales they're experiencing right now.
Also, I am not sure how confidently you can assess the health of Gitlab. Those open positions my not actually be "open". While their revenue was up four months ago, much has changed since then. Their next quarter might be down and they are adjusting now.
> isn't anywhere close to a recession
No one knows where the economy is headed.
> It's a pretty transparent process, frankly.
Except that it is not. Perhaps you are correct, but you really have no evidence their decisions were to maliciously "instill fear". It is equally plausible that they are doing what they think is best for the company and the remaining employees.
For the 7% you have to look like you care, since you will be hiring in the future and probably with lower salaries. Mass layoffs are a good way to lower wages throughout the industry.