Business

Web CEOs Cutting Staff Amid Recession

Hypocrites.

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Facebook, Google, Wikipedia, even FNC are denying there is a recession. However, the CEOs web giants have no problem axing employees with a chain saw to mitigate the effects of the Biden recession on their bottom line.

The hypocrisy is amazing. Sheltered from harm by their wealth, the Pinchars and Zuckerbergs of the world will talk a big game on compassion and worker’s rights.

But see their portfolios go south? Not on your life. They will move sea and mountain and wade chest deep in HR forms to ensure their labor costs maximize profits.

Will their employees take this? Yup, they have been programmed to be conformist poodles. When their master commands, they obey.

Fox: “The chief executives of Alphabet and Meta Platforms, the parent companies of Google and Facebook and major heavy hitters in the tech world, are warning under-performing employees to step it up, drawing concern for potential layoffs amid the continued economic downturn.

The U.S. economy shrank from April through June for a second straight quarter. Consecutive quarters of falling gross domestic product (GDP) constitute the measure of a recession.”

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“Any time there is a recession or warning of a recession, companies start looking inward and saying, how can we get ahead of this?” Julie Bauke, founder and chief career strategist with The Bauke Group, told press. “If all of the low performers are let go and they still need to cut, generally, they look at departments where they can live without people,” Bauke said. Those departments are in for a surprise.

“Just kind of turning up the heat a little bit,” Zuckerberg was quoted as saying. “I think some of you might decide that this place isn’t for you, and that self-selection is OK with me.” That’s big of him. You’re not fired. We just hope you quit.

Sundar Pichai of Alphabet told staffers last week that there are “real concerns that our productivity as a whole is not where it needs to be for the head count we have.”

Economic analyst John Lonski said, “If there are a large number of these warnings of underperformance, it probably will be followed by a reduction in staff unless there is some unexpected revitalization of the economy…There’s no denying payrolls are going to be growing much more slowly if at all as the reality of the economic growth of less than 1.5% on average through 2023 takes hold,” Lonski added. Gee, sounds like a recession.

Robyn Duda, event strategist and founder of Robynduda.com, said these warnings are also being used to “weed out those that don’t truly want to be there or that can’t take that pressure and it’s an easier way than having to lay people off.” Nice guys, eh?

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John Bayer
John Bayer
7 days ago

…CEOs web giants have no problem axing employees with a chain saw….

There’s a mixed metaphor!

Stephen Russell
Stephen Russell
7 days ago

Hooray CUT the admin side & waste positions