Early 2000s profitable startups gave their handful of workers novel perks/freedom. These cos/their workplace culture got big. Late 2010s tech labor gained power + made demands. Now a hint of recession = excuse to break promises/reestablish dominance over workers. It's not about $
@Mer__edith So don’t their HR processes result in 5-10% of “low performers” being laid off every year anyway. I would expect this is more performative than real redundancies reducing the size of the companies. For the big guys anyway.

@davebyrne @Mer__edith no. This was implemented by a few very visible, unusually high paying, companies (including Microsoft and parts of Amazon), and small copycats who had no business being copycats.

Afaik, all have, at least, softened the approach, because it's obviously detrimental to retention and culture. Most have eliminated the practice, entirely.