I really doubt this. It’s more like, they hired too much in the past without actual needs, and need to shed some weight to make investors believe LLMs actually deliver and that they deserve continued investment.
They never needed the people they hired in the first place, they just hired them just to steal them from competitors.
I know this was true at some point for the big ones, not so sure about smaller organizations.
lobut@lemmy.ca 2 weeks ago
I’m sure there’s other FAANG or MANGA people here but I have friends that joined Google during the blitz hiring around COVID. When they started talking about letting people go he said other Googlers said it would happen at other companies but not at Google. He said, that may be true but the numbers don’t work. Anyways, Google joined the other companies in letting devs go and morale dropped hard.