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2024-01-06 18:24:13

Alex Russell on Nostr: I'm now referring to the 2023 tech layoffs as "The Great Endumbening". CEOs ...

I'm now referring to the 2023 tech layoffs as "The Great Endumbening".

CEOs acquiesced to hedge fund pressure based on interest rate reset logic, taking no account of how poorly-done layoffs would affect competitive product velocity, culture, or their own reputations (which matter intensely in labour relations).

Above all, it forced nasty short-term decisions on teams that had been managing to longer time-scales, forcing everyone to stare at their shoes, not the horizon. So, so dumb.
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