4 ms·
How does a profitable company justify layoffs then?
by rabidrat 8y ago
How does a profitable company justify layoffs then?
- AnimalMuppet 8y agoTo avoid becoming unprofitable? You don't wait until you're on the verge of bankruptcy to take action.
- dba7dba 8y agoTrue in some cases. But we've also seen plenty of public companies who are profitable but still lay off people for improved cash flow/stock price, which means more bonus for the few at top.
- hopler 8y agoBecause the work isn't needed. They arguably should pay workers more so workers can weather a future layoff or furlough, not pay people to come to work and do nothing.
- datavirtue 8y agoI can find 1MM jobs that aren't needed in profitable companies.