Just from an employee perspective (speculating, I'm not there) I'd imagine that if 50% of your colleagues were dramatically fired, I'd be looking for a job even if I survived this round. How much of the expertise that built the platform will remain in a year?
And hiring is going to be difficult. As a techie in silicon valley, no way I'd consider joining unless they paid way, way above market since I know any job there will be just one Musk tantrum away from evaporating. Too risky.
>>I'd imagine that if 50% of your colleagues were dramatically fired, I'd be looking for a job even if I survived this round.
Another way of looking at this is since so many people left, there is lots of vacuum, and open positions to be taken, and if you can hold on for a while many good things could be headed your way. What will leaving do anyway, you have to work your way up in the new company. It is also not a very great market for job seekers given most companies are or will lay off people inevitably.
>>As a techie in silicon valley, no way I'd consider joining unless they paid way, way above market since I know any job there will be just one Musk tantrum away from evaporating. Too risky.
This is another misnomer, there is lots of tech talent often for way cheaper going around. Not every body needs to reverse binary trees to build react sites. Or even myriad other infrastructure and general programming tasks that 99% of all software development is made up of.
Of all the ways in which somebody could lose their jobs, Musk surely has some of the most logical reasons. I've seen routine lay offs for a lot more flimsy reasons, where some mid level management often does to protect their fiefdoms, or decide to randomly cancel projects their immediate competition in company is working for.
And hiring is going to be difficult. As a techie in silicon valley, no way I'd consider joining unless they paid way, way above market since I know any job there will be just one Musk tantrum away from evaporating. Too risky.