I wonder what amount of money will be saved doing these layoffs and how that compares to the overall spending of the company, given that the content streaming rights are probably a huge (the largest?) expense for the business.
It's about appearing efficient to the investors and therefore bumping the stock price and giving a payout to the few big stockholdets, rather than real efficiency. They go through a round of this routinely now, it seems, the letter is more or less the same as what he sent during last year, only percentages of laid off are different. That new version that ChatGPT generated made it more fluffy than last time.
If they were worried about efficiency, they would not have grossly over hired during covid. That's why we need unions.
That's exactly why I'm wondering about the overall improvement these layoffs will make for the business as a whole. From what this blog post is saying, it could be just applying the tactics most of the industry is following at the moment, no to stay behind the others.
ath3nd|2 years ago
If they were worried about efficiency, they would not have grossly over hired during covid. That's why we need unions.
toboche|2 years ago
1letterunixname|2 years ago