In reality, the free money has ended and everyone expects a recession soon, so cutting headcount is the only way to maintain profits.
pretty much, people don't realize how insane the free money was, the US just through economic conditions launched so many companies that it was like we invented steam engines or magic or unobtanium. its also why insane inventions like any time food delivery or tv shows and movies broadcast exclusively on the internet went from failed ideas in the 90s to the norm just from investors willing to invest in these money pits until they worked.
Also, this should be useful.
holy fuck, this is a bad warning sign, no one gets fired in january, the next 12 months will be a bloodbath, we're already a lot further along than 2023 and that also means these companies probably weren't hiring mostly through that year either
So yeah, thanks for nothing republicans...
i sort of understand the thinking behind it, if you think american minds are so special that companies will pay for them then of course you should tax it, the GOP just doesn't realize these companies can outlast not having good products for decades on end.
Plus lets be honest, they're just cutting out the middle man, most of the fags in R&D were just asians anyway.
but they wont offer salaries that the google person would take.
downsize your life. people act like this is some new concept, every bubble bursts, you think the post-cold war bust of government contractors didn't lead to some cutbacks for people? everyone in tech was calling this out about silicon valley for decades. overinflating expectations, back in the 80s software devs were being paid as much as stand up comedians and anime voice over actors, but they didn't care because they were passionate for their job.
They'll be getting single digit % pay increases and a LOT less perks.
Profit margins are dropping and money is getting more expensive.
i'm sure the cali citizens are fine with it overall, it was either get fired or see some mean tweets.
The era of cheap/free money is ending and it's doubtful we'll see sub 2% interest rates again for a long time.
it was always a scam/bad idea, interest rates that low are impossible without cooking the books somewhere, and from what we've seen the government just lied. you really think rent only doubled between 1983 and 2019?
Pretty much every Googler now is a foaming-at-the-mouth shitlib, so none of them are able to correctly diagnose the first part of the problem. The job of search is to enable the user to find what they are looking for, not to direct the user to what you think they ought to be looking for.
people forget google was so amazing that up until about a decade ago people would just search for fun. the amount of cool hobbiest shit or old blogs or articles or whatever you could find on the internet was awesome. People can pretty much trace the rise of so many fucking fetishes to it being so easy to find freaks into what you're into. google's search was so great fucking reddit at its relative height didn't bother fixing search, neither did most other websites, they just let google take care of it.
That's a 50% pay cut from their current position, and doesn't include free breakfast, lunch, and happy ending massages.
i'm surprise more isn't made about that, from what that one review said, the fact people leave once they hit their minimum hours is shocking, google was the first well known company that did embrace making your workplace a place the employees want to hang out. between the nutty job interview questions and the fun orientations and the "campus" and the fun stuff for employees to do on their break google was seen like if you had an office job on a cruise ship.
