Oddbean new post about | logout
 So, funny story: remember how that Stanford professor described last years' layoffs as a "social contagion" exercise, where CEOs were just doing it because everyone else was doing it?

https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/

Well everyone get your surprised face ready but it was in fact a coordinated effort by execs, large shareholders and hedge funds to cover up mismanagement and suppress wages: 

https://www.teamblind.com/post/How-we-got-here-Some-inside-scoops-from-Microsoft-on-handling-early-days-of-pandemic-to-cutting-over-20K-folks-in-2023-7ndQwLAU

Did I say funny, I meant awful, typo sorry those keys are right next to each other.