layoff stats

The company is notoriously famous for doing silent layoffs in the name of semi-annual performance reviews. Given that by next month their peak season will get over, they have started with the homework of preparing lists for people to do layoffs.

Been hearing layoffs again and there are less hiring what's the actual reason for this and when this become normal

"If you have to conduct layoffs, which is always a regrettable thing, there's kind of three things that are very important. One is to communicate well with your employees in order to help them understand why it is you're doing, and how. Second is to make sure that the employees who are part of the go forward, understand kind of what happened and are not like the ground doesn't keep moving. It's like, okay, we did that, we're moving forward, here we go. And then for the employees that you unfortunately have to let go, try to provide as much support for them as possible." ~ Reid Hoffman

Looks like job market is a bit more stable nowadays, first half of the year was all about layoffs, and pink slips. Post June while the layoff news is still coming in, it's not as frequent as earlier. Maybe no boom right now in job market but feel it's relatively more stable.

So many companies are doing layoffs. It's becoming so common that now a days people have even got used to it. Folks in or know about US/UK/Canada, how's the situation over there? Is this shit show becoming common there too?

What's your thought on whether the job market is on a trend towards normalizing versus previous quarters? When do you think market will be back to normal?

They fired almost 50% of the workforce Aug 2022: 20% Nov 2022: 22% Feb 2023: 7% Leaders lie about not having anymore layoffs and they also ensure that we can’t talk about layoffs if we want the severance via NDA.