Until recently they presumed how much they hired. Now the more they say goodbye, the more proud they feel

What times those in which technology companies hired as if there were no morning. The talent war affected even to countries like Spainwhere Amazon fought with a goal to achieve thousands of professionals. The CEO of all these companies celebrated the phenomenon and brought breast explaining that the pandemic had changed the rules of the game. They were proud to hire, but now they are proud otherwise.

Checking. Charlie Scharf, CEO of Wells Fargo, has a doubtful record: to have managed to reduce its template for 20 quarters in a row. This manager has described the reduction of workers in this bank “as our ally.” In the last five years the total reduction amounts to 23%, They point In The Wall Street Journal.

And there are more cases. Other companies also celebrate these workforce reductions, they indicate in WSJ. Loomis, a Swedish financial company, indicated that it has managed to grow despite recent layoffs, and Union Pacific, the railroad company, stressed that despite firing 3% of its workforce, it has achieved a record quarter. The Verizon CEO, Hans Vistberg, Indian In a recent conference with investors that in the field of workforce “we are being very, very good, and is constantly going down.” Or what is the same: he is very happy to fire people because as he highlighted “we are very efficient when managing our resources.” Lip-bu tan, CEO of Intel, advertisement that They would fire 15% of the workforceand his argument was that they needed to become a “faster, agile and vibrant” company.

If you say goodbye it is because you are a great CEO. That seems to be the current perception of the technological industry, because while not having a long time to say goodbye to be a symptom of problems and a strategic withdrawal, it is now seen as a commitment to efficiency and the promising role of artificial intelligence.

Elon Musk taught the way. The CEOS did not usually presume to fire people, but the thing changed When you bought Twitter. His first and controversial decision was dismiss approximately 75% of the workforce. The measure made the alarms jump and many wondered if the platform would subsist after that labor debacle. He has done it, and Musk, maximalist of efficiency, has always taken chest When talking about that measure.

The efficiency argument. It is as if suddenly the industry had realized that it could make cuts punishing those Employees with lower productivity or looking for maximum efficiency in the template. More and more of the employee is talked about, and there Nvidia is one of the great prominent – clariously benefited by the AI boom. Now the argument between the bosses is defended that No one is irreplaceable.

Prize to cut template. Zack Mikewa, of the firm Sloane & Co., explained in WSJ how to “be honest with the costs and the workforce is not only allowed, but is rewarded” by investors. The argument for dismissals in the past was the search for pure economic profitability, but now the excuse is the search for change and renewal, adaptation for that future complex that is presented to us.

Downward hiring. Not only are there massive layoffs: there are companies that have also temporarily frozen hiring or slowed them for long periods. This is the case of Bank of America: his CEO, Brian Moynihan, explained to investors that during his mandate the template reduction has been remarkable. Since CEO was named in 2010, the workforce has gone from about 300,000 people to about 212,000, and as stressed “we have to continue working to reduce (that figure).”

In Xataka | Microsoft has discovered that lining and saying goodbye to thousands of employees is compatible. The problem is that it is not alone