I'm a former Microsoft VP of HR. Here are the real reasons why layoffs are happening and how much longer they'll last.
. Alas, when things opened back up, we also returned to the brick and mortar stores. Amazon had over-hired and has needed to retreat.
To their credit, many of these companies have shown loyalty to those who helped lead them in the creation of some amazing products. And they have chosen to stick with experimental projects long past the time when more traditional companies would have pulled the plug. But they didn't want to be seen by Wall Street as companies at risk. They didn't want to be the only one laying people off while other companies were still hiring or at least staying stable. The optics would have sent their stocks into a nosedive.
That said, there is no reason to see the layoffs as a harbinger of doom and gloom for the tech world. There are almost too many rays of hope to count.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
I'm a 21-year-old helicopter pilot and yes, I can land in your backyard.I'm a 21-year-old helicopter pilot. Nothing makes me happier than flying — and yes, I can land in your backyard.
Les mer »
Succession plot twist: how do CEO departures affect share prices?Succession's huge plot twist is more realistic than you'd think – the departure of a powerful CEO like Logan Roy really can cause wild share price swings
Les mer »
Trump made less than $201 from Truth Social, up to $1m from 'hero' NFTsTrump reports earning less than $201 from Truth Social and up to $1 million from NFTs styling him as a 'hero'
Les mer »
20 stocks expected to outperform market, one by 2,637%: TipRanks20 stocks expected to outperform the market, including one by 2,637%, according to a fintech company that tracks Wall Street's top analysts' price targets
Les mer »
33 stocks to buy for ongoing volatility, future recovery: MorningstarMorningstar: Stocks are historically cheap — buy these 33 top undervalued names to brace for a volatile market today and profit from the recovery later this year
Les mer »
Stock Market Crash: Bank of America Warns 'Plenty' of Downside AheadBank of America's top global strategist warns there's 'plenty of room for more S&P 500 downside' as 80% of recessions since 1933 have torpedoed stocks by 20% after they started
Les mer »