Is it just me or does everybody feels that companies are firing people in high currency nations and hiring people in low valuation currency nations to compensate? Just couple of weeks ago linkedin was posting a lot of jobs. Saw this happening with google, microsoft, amazon as well.
Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.
Like whats happening man!!! Is the company dumb or what?
(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell ...
LinkedIn started layoff after Microsoft cut jobs in xbox, surface and hololens projects.
Last night many people got notified; 10th June is the LWD in India ! Did you got impacted?
This layoff is presented what happened 2.5 months back in MTV!
