Submitted by DeificClusterfuck t3_10q8brc in news
biowiz t1_j6onbku wrote
I like how people assume that only the typical “tech worker” gets fired during these layoffs. These companies hired a bunch of different types of workers during the pandemic online sales boom and now they’re likely readjusting back to “normal” along with safeguarding themselves over recession concerns. It’s not just the software engineers being cut, it’s also a bunch of HR, finance, CS reps, etc. But anytime you hear about a tech company doing layoffs there’s some narrative about tech in decline or something similar for whatever reason, while completely ignoring the unprecedented COVID “boom” for some of these companies that no longer exists now.
reaverdude t1_j6pfkqz wrote
People on reddit are idiots. The first to actually go at pretty much every tech company are recruiters. This makes sense because why have recruiters on the payroll when you aren't even hiring.
Second to go are low performers, people that aren't well liked for whatever reason and usually sales/events types of employees. A lot of the tech companies with previously progressive cultures then get rid of all the non-sense positions that were created when times were good like "Vibe Manager" and "Head of People". Then everywhere else like you mentioned in other departments like IT, Legal, Finance, HR etc.
Software and hardware engineers are actually the last on the chopping block because they are the ones who actually make the products that generate revenue and they are easily head hunted to other companies so retaining them is of upmost importance to many companies.
pm_me_ur_pharah t1_j6p2g1u wrote
Because these people are bitter their job sucks and wants tech to fail and try to twist the narrative to be as negative as possible for tech whenever they can.
These are the same people that think everyone at these companies does nothing but goof off all day with massages and coffee etc, but somehow these companies are also making money hand over fist.
biowiz t1_j6p3xv4 wrote
I think a lot of people here are either really young or haven’t worked a corporate job so they don’t realize companies have several departments that offer different roles. It’s like people who think GM only hires people who design and build cars when they have an entire IT department of their own. People on Reddit just generalize based on the industry the company is centered around because the average person here has no clue what they’re talking about.
shudnap t1_j6p9at5 wrote
You are correct, probably all departments get trimmed proportionally to their structured plan. It is to be said though that engineers probably get the highest salaries, this side of execs.
cedarapple t1_j6p8bnz wrote
The problem is that a lot of these "tech" companies are not making much (if any) money at all, particularly those companies that went public in the last couple of years. Many tech companies are wildly overvalued (i.e., Salesforce at a P/E of 600). Now that the cheap funding is gone they have to reverse the massive hiring spree that they went on if they want to survive and there's plenty of deadwood to cut.
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