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The Estee Show - Product Management & Business Insights


Mar 11, 2024

The Tech Layoffs Tide: Insights and Predictions with Gabby Hayes
 
This episode delves into the landscape of tech layoffs post-COVID, highlighting the shift from rapid growth during the pandemic to the increase in layoffs across the tech industry. The discussion kicks off with an exploration of how tech giants like Amazon, Apple, Google, and Meta experienced massive growth followed by a significant number of layoffs in 2024, with projections indicating a continuing trend. Guest Gabby, with a background in healthcare operations and product management, shares her insights on the overlooked human element in the industry's fast-paced environment. She raises concerns about the impact of layoffs on employee morale and the industry at large, noting the psychological toll on those who remain and those who are laid off. The conversation touches on various factors contributing to layoffs, including the strategic use of layoffs as a loophole to refocus company objectives, the role of AI and technology in replacing roles traditionally held by humans, and the adverse effects of continuous layoffs on product quality and team morale. Interviews and examples highlight the need for a shift in leadership mentality and strategy, aiming for sustainable growth and valuing human resources in the tech industry.
 
00:00 Introduction and Setting the Stage
01:52 The Impact of COVID-19 on Tech Industry
02:33 The Rise of Layoffs in Tech
03:30 Guest Introduction and Background
03:59 The Human Impact of Layoffs
27:21 The Role of AI in Layoffs
32:31 Closing Thoughts and Future Predictions