npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k (npub19qm…sn8k) It seems to me there’s a not-collusion-but-nudge-nudge-wink-wink “something in the air” trend in the tech industry to lay people off. It started late last year, but companies are still trying to see how long they can continue to lay people off in dribs and drabs, to take advantage of the fact that people currently can’t go to competitors for better pay. This seems like a continuation of that trend to me.
I think their short term goal is to goose profits by reducing payroll, but the medium term goal is to backfill positions in a year at a lower pay rate—because companies still need laborers to do work to remain competitive.
I also think companies are (not so) secretly hoping that AI will prove to be an effective replacement for many of the laid-off employees this year, so they wouldn’t have to rehire.
Dave Rahardja /
npub13j…75d7q
2023-07-18 01:50:04
in reply to nevent1q…tvva
Author Public Key
npub13jszgr40d0pnyum0t845scy8uggn676enygvaf4ajzm2y9rqzd8sy75d7qPublished at
2023-07-18 01:50:04Event JSON
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"content": "nostr:npub19qm2trjs3p32nwqwry4ufxl4fk9q4utkq53ywueg0yk8cvggra5s79sn8k It seems to me there’s a not-collusion-but-nudge-nudge-wink-wink “something in the air” trend in the tech industry to lay people off. It started late last year, but companies are still trying to see how long they can continue to lay people off in dribs and drabs, to take advantage of the fact that people currently can’t go to competitors for better pay. This seems like a continuation of that trend to me.\n\nI think their short term goal is to goose profits by reducing payroll, but the medium term goal is to backfill positions in a year at a lower pay rate—because companies still need laborers to do work to remain competitive.\n\nI also think companies are (not so) secretly hoping that AI will prove to be an effective replacement for many of the laid-off employees this year, so they wouldn’t have to rehire.",
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