> This seems to be the new normal in Big Tech. They regularly announce massive layoffs, but if you look at their size over time it stays stable or grows.
Periodic layoffs always happen at all big companies.
I think it’s only surprising to people now because it’s being tied to the AI worries at the same time where we’re exiting an unusual period where layoffs all but stopped for a few years after COVID.
The layoff sizes are also larger because there was so much overhiring in those years after COVID. Some rebound effects in play.
Periodic layoffs always happen at all big companies.
I think it’s only surprising to people now because it’s being tied to the AI worries at the same time where we’re exiting an unusual period where layoffs all but stopped for a few years after COVID.
The layoff sizes are also larger because there was so much overhiring in those years after COVID. Some rebound effects in play.