Were All These Layoffs Inevitable? Perhaps but Here’s How it Happened

Josh Bersin has a conventional hypothesis - it was all about risk free capital and culture of ‘hiring before revenue’. Always a great synthesiser, this is one of Josh’s best essays - diving deep into past economic history, recent big tech over hiring and the inside knowledge that rings true - companies being pressured to hire by investors seeking a x20 return on the bet. Bersin also includes a recommendation - a shift for TA toward internal mobility and L&D. Must read folks. H/T to brainfooder Heidi Wassini for the share in the online community.