3 ms·
what’s special about friday in particular? i know it’s the end of the quarter but aren’t the earnings announcements etc spread out over a few weeks?
by dajohnson89 7y ago
what’s special about friday in particular? i know it’s the end of the quarter but aren’t the earnings announcements etc spread out over a few weeks?
- dillonmckay 7y agoYou want to stop the bleeding as soon as possible, but you don’t want to lay anybody off during the week, so they have time to collect their thoughts over the weekend. Whereas, if you fired them on a Monday, they may show up Tuesday and cause issues. Salary is probably the most costly expense. In the early 2000s, the warning sign was reducing the cleaning staff, and having developers empty the trash.
- caseyf7 7y agoExactly. It also takes a couple of days to make plans, consult the lawyers, do the calculations and have payroll ready. This has escalated so fast it will probably take until Friday for companies to act.