What's the deal with these layoffs? I haven't heard anything. Is it commercial and fed, or just commercial? Whatever happened to *hiring* 25k people?

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Haha they didn't put the end of that sentence in the headline "25k people in India"

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Firm wide, we had a really good year - that's what's driving the hiring. S&O was disastrous this year, though. We had a crazy aggressive plan and actually saw business contract for the first time in years. Add that to the fact that we've had huge hire numbers the past few cycles and you get layoffs.

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Burn and churn

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I've only heard commercial

Hiring is firm wide on average

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