Comment on Dropbox decided to reduce their global workforce by approximately 20% or 528 employees.
BombOmOm@lemmy.world 2 weeks ago
Why the hell do they have so many employees in the first place?
Comment on Dropbox decided to reduce their global workforce by approximately 20% or 528 employees.
BombOmOm@lemmy.world 2 weeks ago
Why the hell do they have so many employees in the first place?
Telodzrum@lemmy.world 2 weeks ago
Money was cheap, so most tech firms overhired throughout the 2010s and into the first few years of this decade. Now that rates are higher we are seeing a market correction to the actual required workforce for the industry. I feel bad for the millions of tech workers trained and produced by programs for the last 15-20 years who will need to retrain in a new industry.
InverseParallax@lemmy.world 2 weeks ago
The money people are demanding much higher returns, inflation spooked them, but the fact that it’s going down is no reason to not keep squeezing.