On: Zoom lays off 15% of employees

[erik_seaberg]

“If ___ we may have to lay you off” is always true, I wouldn’t believe anyone who promised that can’t happen. Unlike Christmas, Zoom couldn’t know when or if demand might subside, and their goal was that it wouldn’t.

We shouldn’t punish employers for leaning into strong markets, because unemployment is much worse when they’re reluctant to ever hire even at the best of times.

[AlbertCory → erik_seaberg]

Well, no. Black Swan events are fundamentally different than "strong markets."

It would be like a "survival supplies" store hiring 10,000 "permanent" employees when there's threat of a nuclear apocalypse.

You could argue that the Zoom employees knew, or should have known, that they were really temp hires.