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jeffsonstein ("Jeff Sonstein") wrote:
ppl are needlessly freaking out at the periodic retrenchment happening in tech right now:
reductions announced:
Microsoft: 5%
Google/Alphabet: 6%
FB/Instagrm/WhatsApp: 13%"On average, every year, a company will experience 18% turnover... can expect on average to lose 6% of its staff because of reduction in force or terminating them due to poor performance... On average, companies lose 13% of their people every year because they choose to leave..."
source: https://www.netsuite.com/portal/resource/articles/human-resources/employee-turnover-statistics.shtml