As a bootstrapped founder I’ve certainly had to make staffing reductions to deal with contractions in the market before.

BUT — These tech multibillion dollar companies who saw record profits in the pandemic laying off thousands?

Not at all the same.
Not even in the same universe.

They are not cutting Executive pay or bonuses, which they could easily do if they were indeed running short on cash for regular payroll, which they aren’t.

It’s a straight up labor rights spirit crushing move & I wish they weren’t forcing people to sign their rights away like Elon did so the workers can’t seek class action relief.

We need tech workers unions the same as we need unions for all workers.

That’s right. I’m a CEO who is in favor of labor unions.

Because up until almost 7 years ago, I was a wage earning regular worker just like everyone else, PLUS I deeply understand business cash flow from a profit-driven company perspective.

I just choose to run my company with empathy for the workers, even in times of downsizing due to real market constrictions.

To all the workers in any industry who have been laid off due to mega billion dollar corporate greed, or for real market constrictions, I’m so sorry.

It’s not your fault.

You deserve better, especially more than what these profit giants gave you. Take a good break if you can and know your work is valuable.