GAFAM Layoffs by Performance Improvement Plans (PIPs) Hide the Real Scale of Their Financial Troubles
Last night: (the totals are vastly higher)
Amazon is over 160 billion dollars in debt, according to Amazon (despite laying off loads of workers the debt continues to grow):
An hour ago:
Earlier this month: Microsoft Allegedly Uses Performance Improvement Plans (PIPs) to Hide the Massive Scale of Company-Wide Layoffs
We previously wrote a lot about PIPs in relation to IBM, not because IBM invented the practice, it's just a very large company that became notorious for it. Expect a lot more of the same. On IBM layoffs by "low performance" as a pretext: "Alignment to be finalised by Monday 27th at which time manager communication starts."
That's this coming Monday. IBM hasn't been an attractive employer for a very long time and people discuss this right now, but now we hear about PIPs in GAFAM as well. Microsoft does them, Google does them, and this was brought up two months ago in social control media:
PIPs are about setting people up to fail, then blaming them for consequences of others' issues:
Apple has done the same for years, Amazon rebranded it ("PIP/Pivot"), and a month ago someone laid off by Facebook said: "Many instances [exist] where Pips are just layoffs in disguise."
So the "official" numbers of layoffs will never tell the true story and databases claiming to track totals are just a source for media gaslighting. Judging by such databases, IBM has had no layoffs lately (for quite some now). █