<story><title>The layoffs will continue until (investor) morale improves</title><url>https://techcrunch.com/2023/03/26/tech-company-layoffs-2023-morale/</url></story><parent_chain></parent_chain><comment><author>gumby</author><text>The case of Amazon amazes me.  This is the company that famously refused to worry about what investors thought 20+ years ago and just kept on being unprofitable (and instead, investing heavily in growth) to the considerable benefit of investors who stuck with them.&lt;p&gt;Google is crazy too: they will spend more on stock buybacks than they will save through the layoffs, yet are investing nothing in fixing their actual, deep structural problems.</text></comment>
<story><title>The layoffs will continue until (investor) morale improves</title><url>https://techcrunch.com/2023/03/26/tech-company-layoffs-2023-morale/</url></story><parent_chain></parent_chain><comment><author>eftychis</author><text>I am curious at what point this violent recurring &amp;quot;dawn&amp;quot; to software engineers (in Silicon Valley specifically) is going to lead to the creation of a Guild.&lt;p&gt;Consider that remote work is more prevalent, the healthcare situation is not getting any better in the U.S. and in this space it has become more common for employees to have to move between companies regardless.&lt;p&gt;Then the certainty of having a comfortable job at Google or Meta evaporates violently. To the point, where mothers while giving birth learn they are fired. And then we have things like ...Twitter.&lt;p&gt;Say you were laid off by FAANG or a notable startup and the same or adjacent company reaches out to you a year from now to rehire you, as the &amp;quot;bull market is here.&amp;quot; What will you do? The instability is here to stay for a while. This can happen in 2025 again pretty easily.&lt;p&gt;What is that critical mass of engineers that would demand a startup gets guild approved to join? I can see that happening if one of FAANG becomes a guild company but they will fight tooth and nail to avoid that.&lt;p&gt;As an investor that is a nightmare, if a minority of startups are in this situation. On the other hand if that is the status quo to getting great people, I can accept that overhead.</text></comment>