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Layoffs News: The effect of recession in America and Europe is visible all over the world. In the recent past, many big companies like Twitter, Meta, Amazon, Microsoft have laid off employees on a large scale. Many employees who are victims of retrenchment are sharing their pain on social media. Recently, an American company first gave a grand party to the employees and in the very next week laid off 13 percent of the people.
Decision to lay off 13 percent of the employees
According to the report of TechCruch, US-based cyber security company Bishop Fox has announced layoffs on Tuesday. This has affected a total of 13 percent of the workforce i.e. 50 employees. The surprising thing is that a week before the announcement of the retrenchment, the company had organized a grand party for the employees and many officers. In this, branded liquor was served to all the guests. The pictures of this party were also shared on social media. The party was organized in the last week of April and in May the company announced layoffs.
Did you attend our #ArtOfCyber #RSAC party? Share your pictures with us – use the hashtag #ArtOfCyber, https://t.co/dDVQBtaBbw
— Bishop Fox (@bishopfox) April 27, 2023
Employees recorded statement
After the layoffs were announced, several affected employees of Bishop Fox shared their stories on Twitter, saying that the layoffs were completely unexpected. The company has not given any information about the amount spent in the party, but has said that it has taken the decision to retrench the company. Looking at the global situation, the decision was necessary to save our business. Talking to TechCrunch, the company’s CEO Vinny Liu said that we will invest in the coming times for our growth. After this decision, there will be a good impact on the cash reserve of the company and we will be able to provide better services to all our customers.
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