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128 points taylorlunt | 1 comments | | HN request time: 0s | source
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freedomben ◴[] No.44735332[source]
This is a really terrible article. I suspect the HN comment section will be good, but TFA is not worth reading IMHO (though it is quite short so can be read in a minute or two).

> For years, companies like Google, Facebook/Meta, and Amazon hired too many developers. They knew they were hiring too many developers, but they did it anyway because of corporate greed. They wanted to control the talent pool.

Aside from all the claims with no sources/references whatsoever (claims which are not at all self-evident), blaming "corporate greed" for hiring employees? Isn't it also "corporate greed" to lay people off? Blaming corporate greed for causing high salaries? Let me guess, if they started cutting salaries, that is also corporate greed?

It's not possible to "control the talent pool" when there are so many companies in competition. Yes, they want to hire the best engineers they can find and they will pay handsomely for it. Every company (even our small non-profit) wants to hire the best engineers we can find. It's not "corporate greed" or us wanting to control the talent pool.

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ecb_penguin ◴[] No.44735416[source]
Sure, all those things could be "corporate greed". Opposite actions in different environments don't change the intent.

> Aside from all the claims with no sources/references whatsoever

It's an opinion piece about many of our shared experiences.

> blaming "corporate greed" for hiring employees?

They explained their argument.

> Isn't it also "corporate greed" to lay people off?

It depends. A struggling company that needs to reduce workforce to survive? No. A company worth trillions laying off en-mass because stock rates are down? Yes, probably.

> Blaming corporate greed for causing high salaries?

They explained their argument in the article

> Let me guess, if they started cutting salaries, that is also corporate greed?

It depends. A struggling company that needs to reduce salaries to survive? No. A company worth trillions cutting salaries because stock rates are down? Yes, probably.

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ttoinou ◴[] No.44735890[source]

  It depends. A struggling company that needs to reduce workforce to survive? No. A company worth trillions laying off en-mass because stock rates are down? Yes, probably.

Is the argument against layoffs purely based on the stock market value of the company ? That sounds very reductive
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dietr1ch ◴[] No.44736331[source]
Google's 2023 layoffs was pure for stock market as Google was pressured to do what everyone else was doing (like, no one got fired for buying IBM). After the layoffs the stock went up, and I remember people compiled data to try figure out the reasoning behind it without much success. It broke trust in the company and desire to work there, what for if the shareholders would be better off with the news of a new layoff? My manager who was doing a great job and took my team about 8mo to hire was laid off.
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1. ttoinou ◴[] No.44736950[source]
Oh, interesting. I meant the argument "they can afford it, they have enough money, look at the stock market", not "they are trying to save money and drive up their stock value"