From what I’ve heard about the Airbnb and Lyft layoffs, many people who were affected were actually high performers who were paid well but working on projects that were deprioritized by upper management.
Laying off these people allowed them to satisfy their budget cuts while laying off relatively few people.
Continuing to hire sounds strange, but if the offers are lower the company will still save money. Pausing the recruiting pipeline would also hurt them once things start picking up again.
Laying off these people allowed them to satisfy their budget cuts while laying off relatively few people.
Continuing to hire sounds strange, but if the offers are lower the company will still save money. Pausing the recruiting pipeline would also hurt them once things start picking up again.