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.
Why will companies not prefer to do this? In the end everyone wants profit and make their investors/shareholders happy.
Not true every time. Sometimes they even close shop in cheap labour market countries to shutdown operations
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.
