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msbarnett | 3 years ago

There’s tons of very profitable companies hiring right now - the “top-name” companies doing layoffs were all “growth-first, profit-never” types. We’re not in an industry-wide downturn and there’s a hell of a lot more out there than FAANG or MANGA or whatever we’re calling it now.

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UncleMeat|3 years ago

Google, Microsoft, Facebook, and Amazon have made an absolute shitload of money. They are among the most profitable companies in the history of humanity. Definitely not "profit-never."

type-r|3 years ago

> the “top-name” companies doing layoffs were all “growth-first, profit-never” types

What companies specifically are you referring to? In the last few months we've seen layoffs from Microsoft, Google, Facebook, and Amazon. These rank among the most profitable tech companies in the world. https://companiesmarketcap.com/tech/most-profitable-tech-com...