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So they laid off 200 workers but they now have 200 job openings? Why not just retrain existing workers instead of laying them off? Stuff like this seems like t
by new_guy 8y ago
So they laid off 200 workers but they now have 200 job openings?
Why not just retrain existing workers instead of laying them off? Stuff like this seems like the quickest way to kill morale and run the business into the ground.
- raxthrow2022 8y agoI had the same thought when I heard about this internally. Especially given that our company wishes to "retain the top tech talent" and "become/remain a destination employer". Morale is indeed quite low because of this :(
- quacker 8y agoAgreed but job openings in different areas most likely. Hypothetical example: you lay off 200 developers and want to hire 200 sales/marketing folks. Devs don't want to be retrained in marketing (I sure wouldn't). But, also consider that the PE firm doesn't care all that much. They just need to make the numbers look good, so they replace highly paid veterans for cheaper junior workers. And ultimately, they force the company into treading water with a smaller/cheaper workforce which makes the numbers look good in the short term so they can sell it. Sucks for the company though.