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At many of the best tech companies, the conventional wisdom has always been that there's a huge backlog of stuff to be done. They don't want to deliver 100% of their roadmap with 50% of their employees, they want to deliver 200% of their roadmap with 100% of their employees. (And the speedup is not as high as these numbers imply for many kinds of performance, security, or correctness-critical software.)

Some companies like Block, Oracle, and Atlassian have indeed been laying people off.

by skejeke2 hours ago|

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Lmao man this is absolute nonsense.

Google has done nothing but destroy value with many of its ‘bets’. Your roadmap stuff is irrelevant - if you don’t have value creating projects in the pipeline and/or labour is augmented you should be laying off - period. Sundar’s job is to maximise the stock price.

So once again - nonsense. Now stop spreading crap that clearly fills people with fear. I can tell you have no understanding of corporate finance and how the management of tech firms actually think these things through.

by SpicyLemonZest1 hours ago|

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I'm spreading what people involved in management of tech firms have told me. Perhaps they were lying, but to me it seems consistent with what I observe in the news and in my personal capacity.

I'm also not quite sure your alternate theory is self-consistent. If Google has been frequently destroying value, and companies invariably lay people off when their projects aren't producing value, doesn't that mean they should have already been laying people off?