[Info-vax] VSI employee retirements

[Neil Rieck]

On Monday, January 23, 2023 at 8:15:13 AM UTC-5, Simon Clubley wrote:
> On 2023-01-23, Neil Rieck <n.r... at bell.net> wrote: 
> > 
> > Not sure what is specifically happening at VSI but the number of layoffs in the whole tech sector are unnerving. Some claim it hasn't been this bad since the sub-prime mortgage scandal (2008) while others reference the dot-com crash (2001). 
> >
> The other possibility is that the social media companies had _way_ too 
> many staff on the payroll while profits were growing and now that they 
> too are being affected by the downturn, the employee levels are moving 
> back towards the level they would be in more established companies. 
> 
> It still sucks for the poor people being laid off however.
> Simon. 
> 
> -- 
> Simon Clubley, clubley at remove_me.eisner.decus.org-Earth.UFP 
> Walking destinations on a map are further away than they appear.

Well that is exactly what happened at Google where the world-wide number of employees rose from ~ 120k (pre-COVID) to the current level of ~ 180k. Other companies also over-hired during the COVID years so now need to trim the fat. No need to talk about what and why there were layoffs at twitter. No one is talking about the advances in A.I. which will allow companies to permanently automate some jobs.

Neil Rieck
Waterloo, Ontario, Canada.
http://neilrieck.net
http://neilrieck.net/OpenVMS.html