I have seen commentary suggesting that the ongoing tech layoffs could be ignored as the overall numbers of people involved are not a significant percentage of the labor force. This explains well why we should indeed be paying attention to tech as a useful leading indicator.
Depending on the discipline, tech workers get absorbed pretty quickly. Contractors add the elasticity then Initial FTE rounds are existing PIPs - the remaining mid-performers are on deck next...but in large companies many on PIP are extremely competent and will excel in the right culture. RIP Packages tend to be generous enough to allow for a rebound
I have seen commentary suggesting that the ongoing tech layoffs could be ignored as the overall numbers of people involved are not a significant percentage of the labor force. This explains well why we should indeed be paying attention to tech as a useful leading indicator.
Depending on the discipline, tech workers get absorbed pretty quickly. Contractors add the elasticity then Initial FTE rounds are existing PIPs - the remaining mid-performers are on deck next...but in large companies many on PIP are extremely competent and will excel in the right culture. RIP Packages tend to be generous enough to allow for a rebound
RIF packages
“RIP” packages did give me chuckle though :)
There is truth in comedy
Stripe was indeed the strongest signal confirmation of what’s ahead. It is both a coincidental and a leading indicator.
Sounds about right.
Sorry but I hid my comment after updating my profile so I can remain Anonymous. Still trying to find my way around Substack. Ugh technology stuff.