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Discord is laying off 17 percent of employees (www.theverge.com)

submitted 10 months ago by testeronious@lemmy.world to c/technology@lemmy.world

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[–] inb4_FoundTheVegan@lemmy.world 111 points 10 months ago (6 children)

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.

[–] danielbln@lemmy.world 15 points 10 months ago (1 children)

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.

[–] Jyek@sh.itjust.works 2 points 10 months ago (1 children)

Money is always cheap for capitalists. Even the hardest of times is only hard for people without money.

[–] nbafantest@lemmy.world 4 points 10 months ago

This shows a complete misunderstanding of cheap money

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