> Letting people go is a great business strategy because it means companies don't need to give salary increases. Only if you're not replacing them. People typi

> Letting people go is a great business strategy because it means companies don't need to give salary increases. Only if you're not replacing them. People typically (in my experience anyway) get much larger raises when they move jobs than year on year at the same job. So either you're paying more for the new hire than you would have by retaining the old employee, or you're replacing them with someone probably less experienced/valuable in general, and certainly less experienced in the specific role you're trying to fill. Lose/lose.