Mentioning "our revenue continues to grow" seems quite out of place in an announcement like this.
replies(3):
Layoffs are always awful, but seeing companies talk about "changing economic realities" amongst continuing revenue and profit growth - often all time highs - is a real morale killer for those who are left behind.
Microsoft/Amazon/Alphabet/Google are trillion dollar megacorps who are insanely profitable, but they're firing people because they no longer have to pretend we care about you at all and will instead try to cater to Wall Street (who will never be happy - if I had $10000 for every quarter where a big tech corp "beat expectations" and the stock dropped anyway I'd retire). It's a hard pill to swallow and will increase bitterness and cynicism in the remaining workforce and kill any chance of your employees caring about your vision or putting in any extra effort.
The company isn't "catering" to wall street, wall street is their boss. The owners of the company vote on what they want the company to do, and hire the person in charge of the company. And besides, do you care about your company? If you got a job offer to make twice your salary doing something you'd enjoy more than what you do now, would you stay with your current company out of care for them? Maybe you would, but I know of almost no one who feels that way towards their employer, outside of those working for small tech startups with their friends.
For almost everyone I know, their mindset is that they're going to do the best job they can right up until something better comes along, at which point they'll switch to something better. And I fully expect that if my best work is no longer worth more to them than my salary, they'll lay me off. In the meantime, they're paying me a ridiculous amount of money to do a job I enjoy. It's a deal that 99% of the world is envious of, and I don't think it should inspire bitterness and cynicism
> It's a deal that 99% of the world is envious of, and I don't think it should inspire bitterness and cynicism
First of all, I think it takes a lot of guts to continue to have this attitude in the current economic climate. Or, in your case, immense skill, but not everybody - not even everybody in the big tech companies - has that.
I think the bitterness and cynicism stems from not enjoying the work. As crazy as this sounds - it's the intangibles as much as the cash: for example, knowing the company will fight your efforts to improve things.