4. Hyoun Park, Amalgam
Tech sector layoffs from pandemic-era overhiring continue at Amazon and Microsoft, and they’re spilling over into the cloud businesses. Furthermore, Google says it’s cutting 12,000 workers — no word yet how that impacts Google Cloud.
It’s no secret that many companies, especially those able to support remote work, added excess numbers of employees during COVID-19 to keep up with unprecedented demand.
Perhaps the worst part of the layoffs, at least at Amazon, is that so many now-former employees say they learned of them via email rather than through one-on-one meetings or even phone calls. Hyoun Park, CEO and chief analyst at Amalgam Insights made waves with his take on LinkedIn earlier this month:
“One of the most frustrating things to me about the recent tech layoffs across Salesforce, Amazon, Twitter, etc… is that they are happening at some of the ‘most innovative’ companies in the world. Every part of the process, down to the cookie cutter 10% cuts, feels like status quo thinking pushed down from last-gen B-schools ignoring both the humanity of the process & long-term goals of the company.”
Here’s what Microsoft’s CEO had to say about that company’s layoffs.