I, along with roughly 140 other employees, was laid off yesterday. This came just two weeks after being told by my department lead that while R&D was over budget, my role was safe.
Many of those impacted were considered high performers and had strong year-end reviews. This makes the decision feel less about performance and more like a short-sighted attempt to offset missed earnings targets.
A significant number of those let go were among the highest-paid employees on their teams, often with stronger stock and benefits packages. At the same time, the company continues to publicly boast about plans to hire 700 additional employees this year.
Cutting experienced, higher-cost employees to replace them with cheaper labor appears to be the new strategy at Axon.