I think trying to normalize a ~20% workforce reduction as business as usual is a little bit much here.
Management made a lot of mistakes to get to this situation. It wasn't we tried a few things and it didn't work out, it was we burrowed too much money, spent too much money, and risked too much.
What other tech company has cut this deeply recently? You name their competitors, like Amazon and Apple -- is it happening there? 20% is not 2-3%.
> You name their competitors, like Amazon and Apple -- is it happening there?
Their competitors are not direct comparisons, though, and percentages can be a little misleading. Spotify is ~7.5k employees, and does one thing. Amazon is ~1.5m employees, and does many, many things.
Around end of 2022 and start of 2023, Amazon laid off 18k people from their corporate workforce - about 1.2% of their global employee count[0]. That seemed to be the figure the % above was from, as the % from their corporate workforce was 6%.
Management made a lot of mistakes to get to this situation. It wasn't we tried a few things and it didn't work out, it was we burrowed too much money, spent too much money, and risked too much.
What other tech company has cut this deeply recently? You name their competitors, like Amazon and Apple -- is it happening there? 20% is not 2-3%.