41–50 of 405 posts
So these tech giants just happened to all do layoffs around the same time. What a coincidence. Almost like they are organized against their workers.
Adobe is swimming against the layoff tide as well. Granted it’s comparing apples to… adobes, but my point is it’s not all doom and gloom in the valley.
They’re both age-old companies as far as Silicon Valley goes, have an artistic streak, and based in the South Bay. They’ve got some similarities.
https://techpp.com/2023/01/25/tech-layoffs-apple-2023/ > Amazon, for instance, hired about 780,000 people during the pandemic. Meta, too, had more than doubled its staff in this period, going from about 40,000 to 87,000. Even Microsoft had hired about 77,000 people just before the pandemic. > Apple, in comparison, is believed to have hired under 20,000 people during the period of the pandemic. Can't layoff people you…
Did the pandemic really increase business so much that they had to hire that many people?
Stripe, as an example, drastically slowed down hiring when the pandemic hit expecting an economic slowdown. It then turned out that so much commerce moved to online—rather than stopped—so they ramped up hiring to meet demand.
The bet that companies like Shopify and Stripe [1] made was that COVID created a “new normal”; much of the economic activity that went online would stay there. They were wrong, so there were layoffs to correct it.
[0]: https://news.shopify.com/changes-to-shopifys-team
[1]: https://stripe.com/newsroom/news/ceo-patrick-collisons-email...
Earlier quoted context omitted.
Google was doing Fuchsia. SUPER cool... but what is the business case there? They are also ham strung by just not listening to customers it feels like - so I think that impacts traction. You get an 80% solution with simple glaring edges. Thousands ask - please fix this edge, but whoever is driving the product is onto something else it feels like sometime. Apple's main product lines all seem to make money, have positi…
A bunch of Google’s lack of focus is their internal management culture and nothing will change (and google/alphabet will not be worth being a customer of or being investing in) until the culture problem is fixed. Google only promotes engineers when they are part of a program launch. No credit is ever given for feature launch or program maintenance. If you are not a part of a program launch within a few years at googl…
Out of curiosity, which actions are you referring to?
Earlier quoted context omitted.
Google has the focus of a crack addled flea and has products that aren’t profitable and people working on them - including probably 4 new messaging apps simultaneously. Facebook predicted that it would lose billions in potential revenue because of Apple making tracking optional. Microsoft is basically just cutting employees that are on products that it doesn’t care about anymore. You can say what you will about Apple…
Google was doing Fuchsia. SUPER cool... but what is the business case there? They are also ham strung by just not listening to customers it feels like - so I think that impacts traction. You get an 80% solution with simple glaring edges. Thousands ask - please fix this edge, but whoever is driving the product is onto something else it feels like sometime. Apple's main product lines all seem to make money, have positi…
Earlier quoted context omitted.
Did the pandemic really increase business so much that they had to hire that many people?
Depends on the company but yes. Stripe, as an example, drastically slowed down hiring when the pandemic hit expecting an economic slowdown. It then turned out that so much commerce moved to online—rather than stopped—so they ramped up hiring to meet demand. The bet that companies like Shopify and Stripe [1] made was that COVID created a “new normal”; much of the economic activity that went online would stay there. Th…
Adobe is swimming against the layoff tide as well. Granted it’s comparing apples to… adobes, but my point is it’s not all doom and gloom in the valley.
Apple is a generally more well run, mature, patient, and scrupulous company than most others.
I don’t think Apple went on a hiring spree like the rest of the tech giants during the pandemic, but there is still time for even Apple to start cutting jobs.
Well, Tim Cook started by halving his compensation. I didn't hear anything like that from his fellow CEOs who all "took full responsibility" for the choice of going for mass firing instead.
https://techpp.com/2023/01/25/tech-layoffs-apple-2023/ > Amazon, for instance, hired about 780,000 people during the pandemic. Meta, too, had more than doubled its staff in this period, going from about 40,000 to 87,000. Even Microsoft had hired about 77,000 people just before the pandemic. > Apple, in comparison, is believed to have hired under 20,000 people during the period of the pandemic. Can't layoff people you…
Did the pandemic really increase business so much that they had to hire that many people?