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I love your thinking, but sadly most large corporates seem to suffer from very slow and very bad …

I love your thinking, but sadly most large corporates seem to suffer from very slow and very bad deciding making processes. Some examples from the tech giant I called home for 5+ years until I recently quit: 1. When the pandemic hit, mangement froze all hiring and emphatically urged us to optimize costs so we wouldn't have to lose anyone. 2. When the pandemic concerned turned into the hype of 2021, we tried to hire at a crazy rate, often competing with insane offers. 3. When the war started, we again went into a hiring freeze, and now a round of layoffs. In my experience - our management basically did what everyone else did, which meant we couldn't leverage any of our unique advantages and beat the market in some way. The reason I joined the company I did after the megacorp is that they had a very simple strategy for hiring - hire top talent in strategic areas when you can find it, but ignore anything else, don't lower the quality bars, don't make insane offers, etc. It's almost as if having common sense is such a rare thing now, that it's become a winning strategy...

Original discussionGoogle Announces Layoffs: A difficult decision to set us up for the future1,537 source comments · at import
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CH

> I take full responsibility for the decisions that led us here When an incident occurs in prod and it affects the livelihood of 12.000 people (or more if you include family), you'd expect at the very least a post-mortem. I've never seen a company produce one after that. What was the root cause? crazy hiring, massive wage war Could the current situation be anticipated? hell yeah, out of a pandemic, war raging in Europe, petrol production going down, supply chain problems all over the world, resulting in inflation going massively up... Don't need an MBA to anticipate the economy was par for a correction. what could you have done to prevent this? realize it was too good to be true. Don't enter the rat race, be cautious about hiring. Focus business. what steps will you take in the future to prevent this from happening again? "I take responsibility" is a beautiful thing to say but it's c…

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98

The fact that even with all that I can't tell which tech giant you're talking about feels like a strong signal of the problem you described.

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EN

> hire top talent in strategic... don't make insane offers How does this work? I left Google after ten years last year, when the market was still competitive, and I had multiple strong offers. I wasn't going to leave...lets call it significant money on the table if I somehow had a "non-insane" offer somewhere else...

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BR

When the pandemic hit I was working at a name SF company that immediately -- day one -- cut all contractors & consultants. They pivoted from working on things that had 2 year delivery timeframes to things that had 30 day delivery time frames. Then everyone who was left got run into the ground because their business boomed (one of those companies that thrived during the pandemic). So sure, they didn't need all those other people when they were trying to build big things that took years of development, but those same people were cut and left to fend for themselves while the company recorded record revenues and profits. Now, in the case of the pandemic, these things were hard to predict. Contractors & consultants know they're expendable, they're paid to be (though, not like they used to be). But now companies are giving at least three orthogonal messages: 1) we're doing fine but productivit…

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HB

> most large corporates seem to suffer from very slow and very bad deciding making processes I think that's an accepted fact of life. I don't expect big companies to be fast and make good decisions. But I do expect people not to be hypocrites.

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TH

I think this is just another case of "history repeats itself" People who went through COVID will now have an experience that will shape how they handle this situation in the future. This generation won't make this same "mistake" again, but a future generation may. Just like how people who grew up with extreme bank instability (i.e. the Great Depression) stashed large sums of money in closets and dressers but we don't. Our decisions are largely based on the context of our experiences. If we don't have a certain experience, it probably won't be a factor in decision making. Of course, you go to school to learn about past mistakes, but (1) There are a billion mistakes that have been made in the past so even if you learn about them, without direct personal experience, you will probably repeat some anyway. (2) In the end, we sort of want people to repeat mistakes because sometimes the conditio…

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PL

I suspect there is a strong element of “it depends”. If your company needs to grow rapidly to capitalize on an opportunity, having a process that makes hiring this slow doesn’t work. If on the other hand playing the long game is viable, like maybe with a lifestyle type company, this approach is far better. The problem with the pandemic was that it suggested there was a new and big opportunity that made it hard for companies to distinguish the right approach.

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