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Facebook had more than $7B net income last quarter and has $60B cash-on-hand. While I'm sure that, ceteris paribus, they're more happy if low performers quit t
by aetherson 4y ago
Facebook had more than $7B net income last quarter and has $60B cash-on-hand.
While I'm sure that, ceteris paribus, they're more happy if low performers quit than have to be laid off, I'm equally sure that if they felt like they could go through and cut out low performers right now, and the only cost to do so was paying severance, they'd be happy to do it. The idea that Facebook or Zuckerberg of all people has an unwillingness to pay short-term costs for long term benefits is crazy.
There's a difference between being cynical about a corporation and being willing to attribute every bad trait in the world unconditionally to every corporation without any reflection.