• yaroto98@lemmy.org
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    7 months ago
    • Tech company gets acquired by massive company for a ridiculous sum of money
    • Site never really generated much revenue
    • Parent company demands cuts
    • lays off workers, ahem sorry, removes redundant positions
    • re-org
    • gets rid of physical assets by moving to the cloud claiming savings despite it almost always being more expensive and worse than running your own.
    • lay off more employees claiming move to the cloud behind schedule and over budget
    • blame the economy
    • probably something with AI
    • hire a more ‘global workforce’
    • re-org
    • RTO mandate to make the highest paid employees leave after they trained their replacements overseas
    • voluntary severance package
    • another round of layoffs
    • re-org
    • quarterly report showing highest profits in company history
    • worst compensation bumps in company history