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A lot of people said that they just use that to fire people but isn't that the most counterproductive to do so because most of the good people who do not have t
by Matt3o12_ 9y ago
A lot of people said that they just use that to fire people but isn't that the most counterproductive to do so because most of the good people who do not have trouble finding another job will just quit while the desperate who need the job and cannot find anything comparable will most likely stay.
So wouldn't this hurt the company a lot more in the long run since more talent will be gone and the less talented people will stay. Sure it will reduce the payroll expenses but they should be seeing less revenue rather quickly.
- chrisbennet 9y agoI don't think they really care about the long run. They are burning the furniture to keep warm at this point.
- Matt3o12_ 9y agoStill, should the investors get upset? Firing a selected group of people is one thing (which many investory see as good) but firing their best people does not sound very smart to them either (and I believe most of them are worried about the long term because they cannot just dump 100k in stocks without affecting their price too much).
- kevin_thibedeau 9y agoMBAs at work. Care only about the financials and never mind the institutional knowledge.