The tech lay offs trend continues. When this trend first begun, companies were blaming a “looming recession”. We’re still not in a recession…
This week Twitch is laying off 1/3rd of their staff. That’s a giant “whoops we fucked up” that they’re calling (disgustingly) “rightsizing” the company.
If the new company size is the “right” size then by extension execs allowed 50% more hiring than needed.
Betting zero execs are getting fired for this incredibly massive fuck up.