Posted by: Bennedict November 11, 2022
Why so many tech layoffs !!!
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Rockb,
You really put your points well. I agree, there is this sense of pride in tech companies to boast that their retention is higher than attrition, but well that idea of having the so many number of employees around the world (the way these companies like to brag) is thrashed very bad by this current economy.
When Elon Musk fired that CEO, Mr. Agrawal, Musk accused Agrawal of giving him the false picture of efficiency to him and what not, so he had to let him go abruptly. I felt bad for this Indian guy as I recall Indians were dancing virtually in social media all over that this guy made it to Twitter. I remember even Shreya Ghoshal, the singer, penned something nice about him how Parag was her classmate in India etc. Now I think all these Indians are mum as it is like a disgrace how he got fired so early.
The thing about slumping economy well, it is attributed by various factors as we all know, the Ukraine war, COVID (how could we forget this?), lockdown etc. etc. I wonder if we will get over this any time sooner?
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