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Just a note, but this is a perfect time for companies to lay off low performers without getting a lot of flak. This is usually the case when you see companies lay off people while continuing to hire as well.
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It's not at all uncommon for companies to simultaneously perform layoffs while actively hiring.
Sell the highs, buy the lows
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I never hear the phrase "doubling down" used to mean "doubling", except maybe in the original usage in gambling. But colloquially it just means "increasing focus on". In that use there is no inherent contradiction in downsizing + attempting to increasing focus. In fact that seems to be what almost all companies who downsize are attempting to do. Edit: In fact come to think of it, even in blackjack when you double dow…
doubling down is not about increasing focus. It is about increasing risk by making a BIGGER (not smaller) bet on something. This is in the original meaning in gambling (you are convinced you are right and so double your bet) and elsewhere. Only in PR land is a cash flow pullback and risk reduction step such as a headcount reduction called a doubling down. It goes to show how pernicious these types of intentional misw…
Many of the phone people either left the company or went to work on Alexa. They also did a massive inventory write down for the phone in their quarterly report.
Funny, as they were just a few weeks ago (even during the lockdown) certain recruiters were saying they were aggressively hiring -- and are still listed as hiring for example here: https://layoffs.fyi/tracker/ Seems like suddenly they got worried about how long they can maintain the burn rate. Doesn't help that driving and commuting fell off the map.
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>Doubling down = 2x the engineering staff. This is as they lay off in their lidar team. Self driving will be solved with computer vision. Lidar is an unnecessary technology even for full level 5 autonomy. Most self driving companies have come to this conclusion by now.
Any data to back this up besides Musk saying his approach's the best?
Just a note, but this is a perfect time for companies to lay off low performers without getting a lot of flak. This is usually the case when you see companies lay off people while continuing to hire as well.
GM is not hiring. The auto industry is being hit hard right now. And Cruise is notorious for being a toxic mess as is.
My curiosity is with, how does a company totally change their culture and do a complete 180%? From having workers completely hating their current company to completely not seeing themselves in moving to a different company. As some companies used to have employees mentioning it is the worst tech company in the bay area to one of the best in the bay area
Now we're worried about all the AI jobs disappearing.
Well, can someone explain how does a company with no product and no market get affected by the pandemic? Seems like a cop out yet again.