5 ms·
What I don't get about these lay-offs, is that these companies usually start hiring again soon after
by FinanceAnon 4y ago
What I don't get about these lay-offs, is that these companies usually start hiring again soon after
- rr888 4y agoOften these 10% layoffs are an excuse to get rid of people that are overpaid, aren't performing or dont fit very well in the organization. Some companies do it every year.
- cpach 4y agoIndeed. For some companies it’s par for the course.
- onion2k 4y agoWhen you decide that hiring good people is actually a hard problem the most obvious solution is to stop trying, and just accept some bad hires in the org temporarily that you'll let go in the next round of cuts if they don't work out. This actually works out fairly well for everyone - some people get hired and stay because they're good, some get hired and then dropped but they earn well and get a big name on their resume for their time, and the company eventually builds a stronger team.
- MonkeyMalarky 4y agoIt certainly solves missing good people due to false-negatives during hiring.
- marcosdumay 4y agoYep. People complain about social strata discrimination, leetcode interviews, blatant racism and sexism on hiring... Well, any real solution to those requires accepting a few bad hires and dealing with them later. Otherwise people will always go into voodoo practices trying to avoid the inevitable failures.
- cpach 4y agoI guess another strategy is to not hire a large amount of people. Companies like 37signals comes to mind. Obviously, this will not work for all companies.
- chadash 4y agoYeah, but probably with lower total comp.
- AlwaysRock 4y agoThey are almost certainly still hiring. It's correcting in some areas where they have enough fokls already.
- axg11 4y agoWhat don’t you understand about that? People leave all the time, before and after layoff events. You need to replace those key roles. Layoffs are not always about reducing the size of the workforce, but can also be to remove the low performers.
- anthomtb 4y agoThe layoffs I experienced were explicitly about reducing size and cost of the workforce. Individual performance was a limited factor at best. This was the case at two different Fortune 500 companies. The only thing saving many high performers was better understanding of the company direction. Meaning a lot of the good folks figured out the “safe” teams/organizations and transitioned shortly before the lay off occurred.