undefined | Better HN

0 pointsshepik3y ago0 comments

FANGM all did layoffs. And many other companies as well. That they are all incompetent can't be the explanation.

0 comments

Sure it is. Google for example increased headcount by 24% in a year and cut it 6% in the next year, a clear sign they made a bad decision.

Further in Google’s case they have plenty of money to pay these people until headcount naturally shrinks, but they don’t have anything useful enough for them to do that waiting and avoiding a large severance package is cheaper.

shepikOP3y ago

> avoiding a large severance package is cheaper.

it sounds like greed, not incompetence.

I just do not believe in a worldview where almost all CEOs of large tech companies are incompetent. Whatever the explanation for layoffs is, incompetence ain't it.

Retric3y ago

Greed would still try and avoid the need for a layoff because they are quite expensive. Google’s 6+ weeks salary + 6 months health insurance isn’t cheap.

j / k navigate · click thread line to collapse

0 comments

Retric3y ago

Sure it is. Google for example increased headcount by 24% in a year and cut it 6% in the next year, a clear sign they made a bad decision.

shepikOP3y ago

> avoiding a large severance package is cheaper.

it sounds like greed, not incompetence.

I just do not believe in a worldview where almost all CEOs of large tech companies are incompetent. Whatever the explanation for layoffs is, incompetence ain't it.

Retric3y ago

Greed would still try and avoid the need for a layoff because they are quite expensive. Google’s 6+ weeks salary + 6 months health insurance isn’t cheap.

j / k navigate · click thread line to collapse