As you know a whole lot of Tech companies have laid off over 300000 employees since 2021. I am really interested in the layoffs, especially for how they treat these employees when they announce the terrible news. Most of the time the CEO just sends an email informing about the layoffs and that's that. Then depending on the company, they may provide some additional salaries and such for some months.
The joke on all the above is the "we are a family" motto that most of these big corporations have. I believe it's really sad to market that you treat your employees like a family but you lay them off that easily with a cold email. As they say in order to feel like being part of a family you should either work on a startup or a small family business.
It's also interesting that around December 2022 were around 10000 and i speculate that was because of Christmas. They want to show a more "humane" side of them but when January of 2023 came by around 100000 people lost their jobs. How humane is that?
On the other hand, it's not like i am saying that companies should stop the layoff or something like that. A company needs profits to survive it's not some kind of volunteering work. What i am trying to say is to make some prediction before hiring that many people and at the same time treat them with respect throughout their time there even when it's time for them to leave or get fired.
Now let's talk numbers. It's just the first week of February and we have Dell yesterday announcing that they are about to cut 5% of their workforce which is 6650 people and today ZOOM also announced a cut of 15% which equates to 1300 of their workforce. In other words, in just 2 days 8000 people lost their jobs.
I really hope that we see some brighter days, which i don't expect to happen in 2023. As i mentioned at the end of 2022 i believe that 2023 won't be a good year but i hope i am completely wrong.
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I hope too, especially from a financial perspective. Nobody expects 2023 to be a good year but life's full of surprises.
The mass layoffs are saddening and had got people on the edge because it kind of implies that things are not looking good on the inside. It could also be that with the advancement of technology, they're pivoting to more efficient systems.
I suspect a lot of laid off employees will be transitioning into crypto/web3.
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Hey @filotasriza3 , I sent you a discord message, hopefully you can check it out! 😀