htkibar

Constantly battling with issues of self worth and suicidal thoughts since I've got laid off so that's about it. Being a migrant, who is laid off, who is/was a sole bread winner does the trick I guess.

They are monetising by tapping into "hidden gamblers".

Tests tend to exist so that you can be rejected. Let's not kid ourselves - most of the time people hire based on feelings; and not only about you but also about how they feel at that specific moment.

MARV-el, dis-NEY

Increased shareholder pressure.

Chance to reset salaries within the company without losing out much on the market (doing layoffs in a similar time frame with others will pretty much leave you with options when you all start hiring again)

Showing the whip to their remaining work force, as the power dynamic becoming even slightly more equal is unthinkable.

Turkish did that. In my childhood bread was 200.000 liras for example.

About a decade ago they renominated it. "New Turkish Lira" was born, where 1.000.000 Old Lira = 1 Lira.

So as another comment has mentioned, probably that would happen.

They will be made to allow it. And hopefully that guys reign is nearing its end.

The way the article is written is a reorganisation almost, normally you are supposed to let your workers move into other roles, if they are willing. Not the same as reduction in force.

End goal seems to be the eradication of newly emerging middle class, and to tilt the scale to workers' disadvantage.

Huzzah. /s

Inflation is a thing you know?

Dystopias happening right in front of us!

Or… am I hearing a new web3 startup?

(If I ever end up doing this; this comment will age super well)

Your argument is flawed. Reactionary firing tends to be inefficient, but makes shareholders happy on the short term.

Should a company prioritise shareholder happiness over efficiency is the real question here. Their losses don’t originate from these employees nor initiatives; it originates from market conditions.

Total cost to the company may not be. Employees are costlier to the companies in Europe.

Allows competing implementations and saves TS from MSFT

It has value in terms of being an example of how old these institutions are, not to mention how trustworthy and with lasting power they are.

Administrative effort + 10 bucks is _nothing_ compared to that.