"The Ottawa-based company will cut jobs in all its divisions, though most of the layoffs will occur in recruiting, support and sales units, said Mr. Lütke. “We’re also eliminating over-specialized and duplicate roles, as well as some groups that were convenient to have but too far removed from building products,” he wrote. Staff who are being let go will be notified on Tuesday."
> ”The Ottawa-based company will cut jobs in all its divisions, though most of the layoffs will occur in recruiting, support and sales units, said Mr. Lütke.”
I'll counter though that I don't think its about pricey severances but more related to keep core products operating and being built for the future. Lutke comes from software engineering.
I said that all these layoffs are not firing many, if any, software engineers. They replied that, while that’s true, tech companies are not firing software engineers, they are on a hiring freeze and canceled offers that were out. So not firing, but not hiring any either.
But if basically every company is doing a hiring freeze, and employees are unable or unwilling to quit because of bad economic conditions, maybe less so.