Move Fast and Fire People

Despite record profits and consistent growth, billion dollar tech firms like Meta, Amazon, Salesforce, Twitter and Microsoft are laying off thousands of employees.
Especially for Google, this has been a complete shambles. With high performers and staff with long tenure being dropped with very little notice. Say goodbye to free coffee and massage appointments...
Tik tok intro from: / hi.julier
(Video has been taken down)
Verge article about the lay offs:
www.theverge.com/2023/1/26/23...

[@KevinJDildonik]

I worked for a midsize tech company for 9 years. We grew 20+% in 2022. This was short of our targets, so we had to lay off a ton of people. Obviously it wasn't the CEO's and investor's fault for betting the company on an absolutely unreachable growth target. It's normal to have 30+% year over year return on an investment. Right guys? Right? Oh yeah I fired everyone.

[@amkobih4479]

That's insane

[@onwardsandupwards547]

That's nuts. So when investors invest into the company, it sounds like a loan but you need to hit certain business targets, if not people get laid off.
Google's 2022 revenue was 283 billion. But their growth was 10%, which was viewed as a disappointment. Hence the layoffs

[@JovanSP]

It is actually scary to think about it. One day you are working for multi-million dollar company for 5 years, the next day you get layoff.

[@hansennoah1]

Trillion dollar company actually

[@KevinJDildonik]

It's happening at ALL tech companies. Silicon Valley investors expect Theranos style growth from every company. If your local mom-n-pop pizza place isn't on track to a billion dollar evaluation they're "failing" and layoffs are the only solution. You might remember Theranos was a scam...

[@turbofrayer]

underrated channel

[@blunterwun]

these videos are 🔥