this post was submitted on 25 Aug 2024
330 points (93.0% liked)
Technology
58108 readers
4266 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's this. When boards and non-tech savvy managers start making decisions based on a slick slide deck and a few visuals, enough will bite that people will be laid off. It's already happening.
There may be a reckoning after, but wall street likes it when you cut too deep and then bounce back to the "right" (lower) headcount. Even if you've broken the company and they just don't see the glide path.
It's gonna happen. I hope it's rare. I'd argue it's already happening, but I doubt enough people see it underpinning recent lay offs (yet).