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> The company is profitable, they just set a target for year-over-year revenue gain that has not ever been met in the company's history, so that they'd have an
by dunpeal 8y ago
> The company is profitable, they just set a target for year-over-year revenue gain that has not ever been met in the company's history, so that they'd have an excuse to pay less. And now everyone's pissed and the best folks are walking.
Doesn't sound like that "excuse" is working for them.
> I am pretty sure it was deliberate, a way of cutting way back without having to give severance or make the news.
It's the absolute worst way of doing layoffs. As you observed, the people walking out are the best performers who have great options elsewhere. Guess who stays?
Adverse selection in action.