I had a discussion with one of the CEOs who did that around a year ago, it turns out, it is just the usual influence and bandwagon ride, he said that the hiring is easier these days and unlike during the pandemic, “so we will let go those and hire others later, it won’t be a challenge”, and why he did it? Apparently from reading all the news that big companies are doing it. Now that was a small company following the big boys in tech, but why big companies would do that in the first place? Well, personally, I think it revolves around what said by Tim Gurner, the CEO of Gurner Group (1)
> We need to see pain in the economy, We need to remind people they work for the employer, not the other way around.
Yes, obviously he was attacked and apologized later, but he was honest, he said out loud what most CEOs say behind closed doors.
> We need to see pain in the economy, We need to remind people they work for the employer, not the other way around.
Yes, obviously he was attacked and apologized later, but he was honest, he said out loud what most CEOs say behind closed doors.
(1) https://www.independent.co.uk/news/world/americas/tim-gurner...