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pm_me_ur_pharah t1_j6p2g1u wrote

Reply to comment by biowiz in PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce by DeificClusterfuck

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.

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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.

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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.

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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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