Right. And the tech unemployment rate still went down despite layoffs up to November's doorstep. There's no data on November, yet. Will be interesting if November arrests that downward trend at all.
The data in this article is simply wrong. Alphabet didn't layoff 10,000 people in November, or announce such a layoff. Looks like it's recycling some low-quality speculative layoff articles and presenting them as facts.
A forbes contributor page (no editorial oversight) concluded that because Google introduced a new performance review system this spring that expects to rate roughly 6% of the company below expectations (roughly 10,000 people) that the company is planning on laying off 10,000 people. This is just a completely unfounded leap of logic but it is so juicy that it was repeated everywhere.
All of the information about GRAD was made available in like April and was worked on well before we even reached 2022. Even with the old system, the majority of people who received NIs (targeting 2% of the company) were not fired.
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[ 2.9 ms ] story [ 44.0 ms ] threadhttps://www.nasdaq.com/articles/alphabet-reportedly-seeks-to...
A forbes contributor page (no editorial oversight) concluded that because Google introduced a new performance review system this spring that expects to rate roughly 6% of the company below expectations (roughly 10,000 people) that the company is planning on laying off 10,000 people. This is just a completely unfounded leap of logic but it is so juicy that it was repeated everywhere.
All of the information about GRAD was made available in like April and was worked on well before we even reached 2022. Even with the old system, the majority of people who received NIs (targeting 2% of the company) were not fired.
1) this seems like a stealth ad for the company that made the tools to gather the data
2) does anyone consider Juul a tech company?