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March 10th, 2024

18. Are layoffs in tech the new normal? With Gabby Hayes

  1. 18. Are layoffs in tech the new normal? With Gabby Hayes Estee Goldschmidt 34:24

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

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Estee is a digital product leader in startups who is also a wife and mom of two. In her podcast, she navigates through the challenges with her guests.

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