From Amazon’s Freeze to Lyft’s Layoffs, Tech Firms Brace for Tough Times

[shaburn]

https://www.bloomberg.com/news/articles/2022-11-03/amazon-freeze-lyft-layoffs-herald-new-phase-of-tech-austerity

[jleyank]

Makes you wonder why they were hiring everybody with a pulse in March or April. Guess the CxO's really didn't do all that well predicting the future, eh? If they needed the people then, why not now. Conversely, why were they (over)paying for people they didn't need?

[emodendroket → jleyank]

I guess they failed to anticipate exactly when the Fed would decide that it should induce a recession

[adfm → jleyank]

Agility suffers at scale. That and SPA all the things.

[shaburn → jleyank]

Act as if

[shaburn]

Let the good times roll