Hacker News Reader

If an employee moves to a new job, was the first job a "mistake"?

If an employer lets people go, did it make a "mistake"?

Businesses are not completely static from beginning to end.

This is especially true for R&D heavy enterprises.

There are many good reasons for lay-offs, for example, in the case of Twitter, as they would have run into cash flow issues without them. However, the recent lay-offs appear to be copycat behaviour. All the companies had plenty of cash, good revenue, and staff turnover rates multiple times the lay-offs. A hiring freeze would have been sufficient. Most of the companies affected are still hiring and will likely ramp up hiring again towards the end of 2023 if a recession is avoided. As flagged up by other commenters, there is still plenty of cash for events, execute flights and other excesses.

Depends on numbers I suppose. One employee - not a mistake. Twelve thousands employees - looks like a quite big mistake?

Reply on news.ycombinator.com