Bay Area Tech Boss Announces Layoffs in 'Next Phase of Growth'

Re:Bay Area Tech Boss Announces Layoffs in 'Next Phase of Gr... by nyx on Monday November 06, 2023 @03:40PM (#38168664)

I genuinely thought this was going to be satire, based on just the headline... then I clicked and read the first paragraph, and STILL thought it was satire.

Then I saw the link to the earnings release and figured out it's real. Where else but tech is "things are great and we're firing 10% of our workforce" a normal announcement?

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Re:Bay Area Tech Boss Announces Layoffs in 'Next Phase of Gr... by mixdup on Monday November 06, 2023 @03:51PM (#38168813)

>Where else but tech is "things are great and we're firing 10% of our workforce" a normal announcement?

I mean putting it in the guise of "AI" (does anyone actually trust AI to replace anyone except the most low level customer service at this point?) lets them have an excuse that doesn't look bad economically, and doing mass layoffs lets them dump a lot of dead weight that they would have trouble doing one by one without performance plans, worrying about lawsuits, etc.

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Re:Bay Area Tech Boss Announces Layoffs in 'Next Phase of Gr... by chimpanzee on Monday November 06, 2023 @04:04PM (#38168994)

> Where else but tech is "things are great and we're firing 10% of our workforce" a normal announcement?

It’s a thing: https://en.wikipedia.org/wiki/Vitality_curve

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