Post AS0cRCdb6ou6r831BA by kellan@fiasco.social
 (DIR) More posts by kellan@fiasco.social
 (DIR) Post #AS0cRCDMgLv7Xlm4I4 by kellan@fiasco.social
       2023-01-25T14:24:02Z
       
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       Btw a few myths floating around the #fediverse around the recent layoffs that don’t seem to be supported by fact.
       
 (DIR) Post #AS0cRCdb6ou6r831BA by kellan@fiasco.social
       2023-01-25T14:24:17Z
       
       1 likes, 0 repeats
       
       The idea that Google initiated their layoffs in response to TCI Fund letter is ridiculous. TCI is not a significant shareholder but more tellingly the timing doesn’t work out. Layoffs take time to plan in a normal company (as always Musk’s Twitter is the asterisk). These have been in the works for months.
       
 (DIR) Post #AS0cRGwt52i8E76Tnk by kellan@fiasco.social
       2023-01-25T14:27:28Z
       
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       Similarly the narrative that these companies dramatically over hired during the pandemic isn’t supported by the data. They may have seen a decline in attrition but the hiring looks roughly a pace. These are people taking advantage of an economic downturn and industry consensus to do a layoff without taking the hit. It’s like if your site is down because US-East-1 is down you get a bit of a pass even though we all know you should have done a better job.