«I’ve had people say to me that they know layoffs are harmful to company well-being, let alone the well-being of employees, and don’t accomplish much, but everybody is doing layoffs and their board is asking why they aren’t doing layoffs also.»
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
Why are there so many tech layoffs, and why should we be worried? Stanford scholar explains
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