Senior Manager, Channel and Alliances Partner Enablement || Global Partner Sales, Services, & Accreditation Expert
Always darkly amusing when a publicly-traded tech company’s mass layoffs are rewarded with an upswing in its stock price. What massive layoffs at a very large tech company tell me as an investor is, “Be skeptical when we tell you we’re growing, because we are probably overestimating that projection the same way we overestimated our workforce needs.” As for smaller tech companies, it’s more a sign that they’ve decided to clean the floor after seeing what *didn’t* stick to the wall after some desperate managerial flinging— i.e., it was harder to expand our midmarket/MSP footprint than senior management said it would be, or that “strategic alliance with <insert big tech OEM>” was way more interesting to us than to them.
Disheartening to see 229 tech companies laying off workers in 2024 alone. These mass layoffs not only impact livelihoods but also raise questions about industry stability and corporate responsibility. Time for companies to prioritize their workforce and explore sustainable solutions. #TechLayoffs #opentowork #career #jobseeker
Sustainability | Renewable Energy | Yale EMBA Cohort '25
6moThere is a fundamental disconnect between how businesses are run now versus the way they were previously run. When I think back to my childhood and hearing about work from my grandfather and father they spoke about how layoffs were seen as a failure and a loss of valuable knowledge and capability. That changed in the 80s and 90s. Workers were seen as replaceable and what mattered most was making sure that shareholder value was always maximized. That's a fine idea but today's business cycle is based on quarters and it seems to lack long-term vision. The idea of long-term strategy seems lost, for example the wild swing that Zuckerberg seems to be making with "Meta". I say we bring back the older models that truly viewed employees as people to invest in and reward for long term service and growth, and where shareholder value took the long view of years and decades versus chasing the shiny new thing quarter after quarter. You can deliver value to shareholders via strategy and still create a growth-oriented workplace.