> Heading into this year, we planned to triple the size of the company.<p>I wonder what "slow down" means exactly in this context. Complete hiring freeze? 10-50% growth? Even if there was no market downturn, how were they even planning to integrate 3x the people within the company in such a short period of time.
Looks like pretty much all high tech company's slowing the hiring. That usually indicates that in few months it would not be surprised to see stating the blood bath in tech companies.
Facebook, Coinbase, all these companies publicly announcing hiring freezes. There should be plenty of other tech companies and non tech hiring, but will this soften wages?
why do they post this public blogpost. Companies change their hiring patterns all the time. I don't understand why they need to make a blog post about it.
This is happening in tech companies across the board. From my network I understand many companies have either stopped hiring or have strongly reduced hiring.
Why not just shut down now and give everyone a nice package instead of dragging it out and laying folks off with nothing/the-minimum-legally-required?<p>Has anyone thought of doing that with a business or is the default instinct to fight it out until the bitter end?