07-26-2020, 11:31 AM
Maybe let's not generalize too much - I and most of my peers, when asked to jump, will respond, "how high and how fast?" Or maybe older millennials are different - most of us vividly remember entering the workforce around the great recession and are always thankful to be gainfully employed. Or maybe it's just the Stanford alum effect...
And yes, totally agree with Mick's broader diagnosis - most of the tech firms that laid off 15-25 percent of their workforce early in the pandemic cut underperforming employees and units, many with the plan to hire back the 5 percent who were wrongly cast out to sea with their teams. No one wanted to be the layoffs first mover in a "historic" economy because it signals weakness even when many firms simply had bloat, and in normal times mass layoffs scare off prospective hires and prompts even the (job secure) good employees to start looking at other opportunities. Now, no one blinks an eye. And very few of those jobs will be coming back any time soon.
And yes, totally agree with Mick's broader diagnosis - most of the tech firms that laid off 15-25 percent of their workforce early in the pandemic cut underperforming employees and units, many with the plan to hire back the 5 percent who were wrongly cast out to sea with their teams. No one wanted to be the layoffs first mover in a "historic" economy because it signals weakness even when many firms simply had bloat, and in normal times mass layoffs scare off prospective hires and prompts even the (job secure) good employees to start looking at other opportunities. Now, no one blinks an eye. And very few of those jobs will be coming back any time soon.