I believe hyperscaling is a factor here. I don't see how a company can successfully multiply their head count and integrate thousands of employees a year (unless you're already at massive scale like Amazon).
When it falters, you're stuck with swarms of confused employees who havent been trained / integrated / given meaningful work and who may not even be in the office due to WFH which is difficult to recover from [I am curious what % were WFH in the layoffs]. At that point, whether you're growing or not, it's tempting to just get them off your payroll and start anew, only more slowly this time.
When it falters, you're stuck with swarms of confused employees who havent been trained / integrated / given meaningful work and who may not even be in the office due to WFH which is difficult to recover from [I am curious what % were WFH in the layoffs]. At that point, whether you're growing or not, it's tempting to just get them off your payroll and start anew, only more slowly this time.