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To what extent do companies announce layoffs (that they were preparing to do already) on the heels of other companies announcing layoffs? That way it becomes le
by gnicholas 4y ago
To what extent do companies announce layoffs (that they were preparing to do already) on the heels of other companies announcing layoffs? That way it becomes less memorable that 'Company X laid off 11% of their employees' and instead people remember that 'a few companies laid off some people last week'.
Perhaps this is too difficult to tweak the timing on, particularly at public companies. But at the very least, I'm sure some of the Twilio execs were glad to hear about Patreon's layoff yesterday.
- bombcar 4y agoThe layoffs take time to plan and get rolling, but the macro causes are often similar. Once they start you may have a bit of PR adjusting things but I daresay this announcement was planned weeks in advance. I could see a company deciding to lay off a bit less to make their percentage look a tiny bit better but other than that, probably not. Now some companies may have "perpetual layoff plans" where every manager has to identify X people he'd lay off if needed, even if they never use it, then I could see someone taking advantage of it.
- propogandist 4y agoTwilio won’t fall out of the news cycle like the the rest because of their CEO’s “anti-racist” comments. It’ll, ideally, become a class action lawsuit, which should keep this story in the news for a long time, providing cover for other companies to do layoffs