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Covid-era over-hiring was never going to end well. If there’s any silver lining to this, it’s that with the AI tools used to AI-wash the dismissals, it’s easier
by ChiMan 4mo ago
Covid-era over-hiring was never going to end well. If there’s any silver lining to this, it’s that with the AI tools used to AI-wash the dismissals, it’s easier than ever to bone up on economics and why it’s a bad idea to hire people without a clear view of the economic margins along which the employee will be profitable for the firm.
- bonsai_spool 4mo ago> Covid-era over-hiring was never going to end well This is a convenient strawman for companies but I think it's no longer true that the people being layed off stem from that time: https://www.macrotrends.net/stocks/charts/META/meta-platforms/number-of-employees https://www.macrotrends.net/stocks/charts/META/meta-platform... Someone made a great post about other companies who have shed their 'covid excess' but are still citing that period as a motivation for their decisions.
- nateglims 4mo agoCompared to recent trends it’s more like the entire 2010s was over hiring