https://www.teamblind.com/post/Reddit-is-doing-layoffs-SAkLHfEz
IN IN IN
I can't register a full account because I don't have a disposable work email from a massive company.
Someone even tried to warn these cute twinks it was coming two months ago lol
https://www.teamblind.com/post/reddit-layoffs-ZziYJA8p
HR or damage control team at work but also spitting facts like people who work at reddit are inherently lazy (except for the CEO of course)
SPEZ IS PERSONALLY FIXING THE PROBLEM BTW
MORE COPE
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What's with all the tech layoffs lately I don't understand why it just hit suddenly as the economy is still doing well? Was it that Elon showed the investors of the world that these tech companies are really adult day care centres full of bloat and now all the other companies are reacting to pressure from investors?
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I'd like to believe so brother, how many tiktoks do you have to watch of your wagies in upper management bragging about how little they do and how sweet the benefits are
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Yeah Elon broke the ice or stigma kind of. At the core as I understand it stems from both the recession and backlash from the tech/crypto boom during covid. Companies being shortsighted like doubled their amount of staff thinking it was a perpetual motion machine and now are having backpedal.
It's like that video someone posted earlier whining about Valve for being rich and successful despite a small employee base. This is hilarious to me because they're not laying anyone off in droves and they don't even have fricking managers there lol, in fact, because of the steam deck they're extremely secure with future hardware prospects on top of their gaming bucks.
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Just another case of privately owned companies being superior to publicly owned companies, which are basically slaves to investors and shareholders
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It's weird, though, because there isn't a recession. Maybe it happens, but the news today is that the economy grew by 2.9% in the fourth quarter.
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Yeah, I guess it just varies from technical definitions to colloquialisms for a bearish market or something. Everyones a god darn genius in a bull market, now we're just getting back to classic roulette
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It was mostly non-issues: women not asking for raises and getting shocked when they found out they were paid less + lack of diversity (lol) + little to no actual managers who look to justify their existence by wasting everyone's time.
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Massive hiring spree over the past two years resulting in nothing and companies across the board are looking at interest rates ~3x higher than before.
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The remote work sun is setting and they've had three years to figure out which employees have initiative and intelligence. Interest rates, energy costs, everything is rising, but you still need to pay back shareholders aka venture capitol. So you cut 10,000 useless people then use the savings of their salaries to pay dividends, and pretend the tech bubble is still expanding to get more funding.
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