docbop wrote:I read an article yesterday after IBM announced layoffs. Amazon, Microsoft, and others in tech industry have annouce or had layoff. The writer of the the article said digging down in to what they all eliminating products, services, that were slow movers or tech projects that R&D was too costly. That major products weren't being touched. The pandemic and now slowing economy is causing big changes in companies. Companies are monitoring employees more than they every have to see who is producing a lot and who isn't. The world is changing a lot right now.
From what I've gleaned the big ones — Amazon, Google, Meta/Facebook — are laying off tens of thousands of employees mainly because they were hiring like crazy over the pandemic. That was completely unsustainable, even though they apparently believed that the trends of the pandemic would hold up even after everything opened up again. Or, they just figured that they could fire at will if the forces were no longer necessary.
Part of the hiring spree was snagging up talent before the others did.
So we're really just seeing an adjustment back to more "normal" levels.
IBM is a bit of a different case, since they have completely repositioned themselves over the past two decades. They cut 11% of their staff back in 2014, another 8% in 2017/18, and another 10% in 2020.
None of that affected Clavia/Nord. They're not a multinational conglomerate with half a million employees — they're a small, privately owned company with all of forty personnel, total. And last year, they made a quarter million Euro in net profit, per employee.
They're currently hiring, not firing.