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slightlyoff@toot.cafe ("Alex Russell") wrote:
I'm now referring to the 2023 tech layoffs as "The Great Endumbening".
CEOs acquiesced to hedge fund pressure based on interest rate reset logic, taking no account of how poorly-done layoffs would affect competitive product velocity, culture, or their own reputations (which matter intensely in labour relations).
Above all, it forced nasty short-term decisions on teams that had been managing to longer time-scales, forcing everyone to stare at their shoes, not the horizon. So, so dumb.