The CEO of my company left in September 2025. For years leading up to that, there were 3-4 layoffs/riffs of approx. 5% reductions (edit: yearly reductions). Never hired more US employees except for VP and C-level until we became very top-heavy. What jobs they do replace are primarily India and some in Argentina, many are contractors. They “cook the books” by avoiding taxes and “creatively” avoiding reporting gains/losses due to having a large amount of contractors. 2025 ended up losing a ton of customers due to churn (i.e. leaving or not renewing contracts). Most of our customera are US or North America-based and the contractor teams have such high turnover that customers are sick of us not supporting them well anymore.
An anecdote in agreement:
The CEO of my company left in September 2025. For years leading up to that, there were 3-4 layoffs/riffs of approx. 5% reductions (edit: yearly reductions). Never hired more US employees except for VP and C-level until we became very top-heavy. What jobs they do replace are primarily India and some in Argentina, many are contractors. They “cook the books” by avoiding taxes and “creatively” avoiding reporting gains/losses due to having a large amount of contractors. 2025 ended up losing a ton of customers due to churn (i.e. leaving or not renewing contracts). Most of our customera are US or North America-based and the contractor teams have such high turnover that customers are sick of us not supporting them well anymore.
Know where that former CEO is now? An AI startup.