Discord is laying off 17 percent of employees
Discord is laying off 17 percent of employees
170 people are being laid off by the popular messaging app.
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To be clear, I'm not defeneding this pratice but explaining it. This cycle is how large businesses operate to foster growth over time.
- Lay off people to tell stock holders they are becoming more efficient.
- wait
- Hiring spree, announce new features, new directions, hype hype hype
- wait
- Lay offs! Trimming overhead! Streamlining! Much efficency! Good business!
- wait
- Hyyyyyyype! Discord announces a plan to replace iMessage, Email and the entire concept of texting! Triples their staff! Such hype!
Rinse, repeat
It's horrific for the employees and a scathing indictment as capitalism as a whole. But, this is how large businesses work, not nessecarily a massive corporate slip up.
Here is a lawyer explaining the "dance steps" that the game industries is doing as of late.
That may have been true during the lavish times of ZIRP, but I wouldn't expect to see this dance any longer, at least until money is cheap/free again.
Money is always cheap for capitalists. Even the hardest of times is only hard for people without money.
This shows a complete misunderstanding of cheap money
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Here is a lawyer explaining the "dance steps" that the game industries is doing as of late.
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Damn, this was very insightful. Thx for sharing!!! 😁