All articles tagged with #overhiring
Originally Published 2 months ago — by CNBC
Amazon plans to cut up to 30,000 corporate jobs to reduce expenses and address overhiring during pandemic peak demand, marking its largest layoffs since late 2022.
Originally Published 2 years ago — by New York Post
Former employees of tech giants Meta and Salesforce claim they were hired to do nothing as companies embark on a course-correction and lay off extraneous workers during the current economic downturn. Britney Levy, a former employee of Meta, said she was hired to sit around and essentially do nothing, while Derrick McMillen, a former employee of Salesforce, said that just 20% of the employees did 80% of the work while the others did on-site yoga and took long lunches. Experts said that tech firms overhired in order to meet surging demand during the pandemic, resulting in layoffs and a focus on right-sizing and becoming more efficient with budgets.