nixCraft 🐧Didn't Netlify just have a 16% layoff just a few weeks ago? So they have the cash to buy another company? Netlify Acquires Gatsby https://www.netlify.com/press/netlify-acquires-gatsby-inc-to-accelerate-adoption-of-composable-web-architectures/ All these companies have tons of money for C-suite bonuses, and buying new companies. Yet, they are doing layoffs saying the economy is down while paying bonuses to the top executives and getting rid of working folks. I hate this so much.
Christoph Thiede 
@nixCraft What do you expect? Studies have shown that pay cuts, as an alternative to layoffs, decrease motivation in employees even more and are often a greater risk to team culture than layoffs.
alex jegtnes ✨@LinqLover @nixCraft I am not aware of any studies, but I would expect not acquiring and retaining staff, as an alternative to acquiring and not retaining staff, is even better for morale.
@jegtnes @nixCraft It will also depend on the company culture, but in the end, both layoffs and pay cuts will be experienced as demotivating. At least in the short term, layoffs often lead to more competition which increases productivity. I guess long term perspective is less important for many tech companies given the typically high tenure rates.