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Most likely true, as other IT companies are also *ahem* reshuffling-laying off their staffs.is this going to end up as a commentary on how redundant these jobs were?
high percentage of job cuts and yet the service seems to be running fine. would any product continue to function normally amidst such steep sudden job cuts.
There is an emerging term coming from business management fellas 'Bull$hit Jobs' i.e. the kind of usual ;filler; type of roles-jobs solely kept for hiring ;diversity hires; and/or kind of tasks that apparently no person would want to do willingly, or just previously useful roles becoming unrequired-redundant due to emergence in tech (for e.g. how telephone exchange operators got replaced by automatic dialing machines in past) and many other reasons.
Then there is also this grim reality of IT sector going oversaturated everywhere and recent emergence in recession in the west is going to take biggest tall on this sector that hasn't shown some noticeable growth in last 5 some years. Facebook's case is perhaps most striking like god knows why Zucc decided to ditch facebook for this metaverse thing when it was found to be solely unprofitable at end - and yet he poured billions of dollars in its development
Last but not least, the kind of political activism these companies got involved (deliberately-willingly or just out of majburi) is showing its fruits now.