It doesn't appear that any of the big ones are completely reversing their hiring sprees from the past 3 years; rather they are re-adjusting in realizing that can't hit their profit targets at this rate, and that many of their ambitious projects aren't panning out.
Many of these companies ballooned their hiring during covid, increasing at 20%-40% a year (or more!)
This argument is so tired. It’s not okay for every tech company to lay off 10% of their workforce. It does not matter that their headcount is still higher than it was a couple of years ago.
This argument also completely ignores the fact that many of these companies, GitHub included, could afford to keep these employees around. When the industry goes on another hiring spree they’ll hire them all back and more anyway.
> Many of these companies ballooned their hiring during covid, increasing at 20%-40% a year (or more!)
Many of these companies grew their hiring at that same rate before Covid too. Only a few (zoom, peloton, etc) really changed behavior due to Covid, and for them it makes more sense.
Many of these companies ballooned their hiring during covid, increasing at 20%-40% a year (or more!)