Silicon Valley startups rein in spending and prepare for layoffs
It's an age old-question but I still don't have a good sense of the answer:When leaner economic times come around and tech companies downsize their work forces, they speak about culling "nonessential" employees and "growing smarter". How do they deal with the political problems of admitting to having hired a sizable number of "nonessential" employees to begin with, and, moreover, the obvious implication that their previous growth strategy was indeed "stupid"?