A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this?
A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this?
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what a fucking absolute psychopath
please lay off 150000 thanks
He's saying lay off to 150k, not by 150k. He says getting down to that would be a 20% reduction, so that puts the then-current headcount at ~188k, so get rid of about 35-40k people.
Not any better at all.
35k is a pretty huge amount better than 150k. Are you just trying to say that it sucks either way? Because that I agree with, but when we criticize things, we should at least have the numbers right.
Yes, I'm saying he's a psychopath regardless of the numerical error. He's talking about destroying the livelihood of tens of thousands of people, just so he can make some more money he doesn't need, and could never spend. So it doesn't really matter if it's 30k, 40k, or 150k. He would propose anything that benefits him personally, regardless of the suffering it causes.
If you work at Google you'll probably bounce back just fine.
the tech sector is in a bit of a jam right now…it’s actually pretty hard to find work
Kinda glad I work in government/heavy industry. The highs aren't very high and the lows aren't very low. I will never be rich but I also will never be unemployed for over a week by choice.
And those sectors would gladly hire people from the tech sector, but yeah no one will pay you 300k for writing JavaScript
Maybe. If I was hiring someone new under me I would tend to avoid people who worked for Alphabet. Frankly controls+automation is a not a fun field to be in. If you want to get into it you have to be willing to endure it. Can't exactly have someone who spent their childhood riding horses on their private estate working in a slaughter house.
You don't think firing 150,000 people is better or worse than firing 40,000? Ok.
I'm saying his complete disregard for these employees as people, with families, and lives, is unaffected by the difference. He's proposing to fire 30,000+ people so that a number in his portfolio can grow. A number that he doesn't need, and will never spend. He's a fucking psychopath, regardless of it being 30k, 40k, or 150k.
So I can get some more zeroes on my balance sheet that I don't need and will never use. Cheerio!
"Muh stonks."
But he's still correct. Having too many people on way too inflated salaries isn't good business sense. Over hiring can hurt people's careers, too.
I work in tech.
The average time a software engineer, regardless of level, stays at a big tech company is around 18-24 months. That, surprisingly, hasn't changed with the market slowing. Many are still taking jobs at a higher level at smaller companies, or leaving to do other things.
Given the severance paid out for many of these employees, alongside the operational damage caused, it's likely that the people they laid off or forced out would have already left for another role. Funny enough, many of the companies that laid thousands of people off are still hiring external candidates, or people on boomerang deals to return to the company after 6-12 months.
It was always a short-sighted move, triggered by everyone else doing the same thing. While you're not wrong, I don't have enough faith in these companies to run things for the benefit of their current employees.