I get the feeling some companies are using the wave of tech layoffs as cover to get rid of low performers and cut costs. I have no doubt that many companies need to make these cuts. But some companies, Microsoft for example, are hiring tech folks like crazy and heavily recruiting while doing these layoffs. I don’t blame them, low performers are costly and kill teams. I just think it’s something to keep in mind, there’s a bandwagon effect here. Not every tech company is in dire straits.

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Posting as :
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It’s likely that the layoffs are coming from them ramping down poorly performing business units and projects.

They’re still going to hire for strategic areas or new ventures.

The two aren’t mutually exclusive

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I’d agree there, but I think the reasoning being given is where they are using the larger trend and economy as cover. They aren’t saying “this is a poorly performing business unit”, a lot of companies are saying that it’s due to “economic uncertainty”. In reality they are just unloading bad investments while doubling their bets elsewhere.

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Microsoft is not hiring like crazy lol

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I thought that was obvious, is it not? Genuine question.

Also, wouldn't you do the same?

Yes. All the firms do this too nothing new

it is the smart moment to do it. why will you layoff when economy is growing, do it when everybody else is and it helps you cover yourself a bit

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