79
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Feb 2024
79 points (95.4% liked)
Out of the loop
10581 readers
1 users here now
A community that helps people stay up to date with things going on.
founded 1 year ago
MODERATORS
I'm not sure the CEOs actually thought growth would continue like that forever. They just knew they could get rid of all the extra people they hired when it slowed. The layoffs were always part of the plan, they just didn't say that quiet part out loud back in 2020.
There is zero way these people didn’t know this would eventually happen. Anyone who was looking at this going on with a critical eye would have seen it coming from a mile away. Tons of more senior tech workers knew it would happen eventually. The market is especially rough for juniors right now.