as soon as Wednesday, the first ever in its history. That comes on the heels of major layoffs at Twitter and many other flagship tech firms.At most companies, layoffs are a business decision for top execs but a deeply personal experience for everyone else.The industry's phenomenal 20-year run of largely unimpeded growth means that most of its workforce doesn't have much idea what to expect from widespread layoffs.
Then they have to face the people who are left and help them through what can be extended bouts of anger, depression and survivor's guilt.3. For companies, layoffs leave slow-healing psychic wounds. Tech companies often aim to inspire workers with mission statements and caring rhetoric. But once a firm has gone through a round of layoffs it becomes effectively impossible to persuade employees that anything matters beyond the bottom line.
After big rounds of layoffs, tech leaders can't just move on as if nothing happened. But they also have to try to rekindle workers' belief that the organization can do big things.Layoffs that are tied to the shutdown of a specific product line or division can be written off as strategic in nature. Broader layoffs are a sign that a company grew too fast, took too many risky bets, or just never hit overly ambitious goals.
You never forget these experiences, and this year's cuts could reshape how a generation in tech thinks about their careers.When laid-off developers filled the coffeeshops of San Francisco and other tech hubs after the bust in 2000-2001, they used their newfound don't-give-a-damn state to hatch passion-project ideas.
Right. Because everyone in the valley who was laid off when the bubble burst in 2000 never for another job? Perhaps “most” is doing far more work than you think it is.
Or inflation
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Good