this post was submitted on 25 Jan 2024
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I actually think it’s just bandwagoning by a bunch of cowards.
We saw this same phenomenon early last year too: Facebook laid off a bunch of employees, then Apple announced the same, then Microsoft, then Google, then Salesforce, then the infamous Twitter layoffs.
I think big tech is so sensitive to negative press that they all just wait and lay off folks at the same time so no single company takes all the bad press.
It doesn’t even have to be Illuminati-level coordination, either. All it takes is for some exec at Tech Company B to see that Tech Company A is firing people. Then Tech Company B decides to clean house too. The cascade is just a bunch of morons deciding to hop on the “let’s fuck over our employees to help our balance sheet” train.
Definitely agree it's not an Illuminati cabal meeting in hoods and masks.
But it's not not that either - there's lots of overlap on boards of directors and VCs invested in these companies. They're in the same circles and probably play golf together. Or, they hang out on the tarmac before their Davos keynotes on saving the world.
I live in Silicon Valley and I've heard that there's a WhatsApp group with a bunch of "big tech" CEOs and CTOs in it and they chat and share memes with each other 👀
"They're just like us!"