I feel there's something in this article, but the meandering really ruins it. Either way, it's obvious that no earnings call would explain the metrics or decisions behind a layoff. But at 7% this is well within "Eh, we want to try a performance layoff and hope we get a better 7% of new hires".
It is too bad that people aren't more direct about this. But if folks remember Meta/FB's attempt at saying they did performance-based cuts, people ripped into them for labeling all the fired personnel as un-hireable. Earnings calls are heavy lawyered and regulated, so there's no reason to say anything.
It is too bad that people aren't more direct about this. But if folks remember Meta/FB's attempt at saying they did performance-based cuts, people ripped into them for labeling all the fired personnel as un-hireable. Earnings calls are heavy lawyered and regulated, so there's no reason to say anything.