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The workers don’t vanish with the business. If the government provides enough relief these workers can organize around a new business that provides a similar se

The workers don’t vanish with the business. If the government provides enough relief these workers can organize around a new business that provides a similar service (maybe even buying the intellectual property and/or branding from the bankrupt estate) under a completely new leadership. Or if the business isn’t actually providing anything useful (like many on this thread are suggesting is the case with facebook) then these workers are probably better off finding new jobs (after being compensated from the failing business). Facebook is extremely rich, facebook can afford to break apart their business and give part of it to those 11,000 workers. Heck facebook can even afford to keep those 11,000 workers earning 6 digits while being tasked with doing nothing. In either case, it would be in the interest of the worker. What is not in the interest of a worker is having a leadership that makes bad decisions, wastes the time of the workers, and then lays them off. This kind of behavior should not be rewarded.

nomel 4y ago
I can only, as charitably as possible, interpret that as a confirmation that bankruptcy is preferred. > The workers don’t vanish with the business. If the government provides enough relief these workers can organize around a new business Starting from scratch is rarely an efficient, or possible, solution, especially anything with IP involved. > after being compensated from the failing business Were they not compensated for their time during employment? Wouldn't being compensated for the failing business require knowing the future? I'm not asking this negatively, I'm just trying to understand perspective. Have you ever worked for a startup, or been involved in a small/medium business that's not-yet profitable? I think you would find extreme risk aversion in a system implemented like you describe, if the only option were continuous success or quick failure. Are there any areas of the world that prefer bankruptcy over headcount reduction, where we could look at the statistics?

nomel 4y ago

I can only, as charitably as possible, interpret that as a confirmation that bankruptcy is preferred. > The workers don’t vanish with the business. If the government provides enough relief these workers can organize around a new business Starting from scratch is rarely an efficient, or possible, solution, especially anything with IP involved. > after being compensated from the failing business Were they not compensated for their time during employment? Wouldn't being compensated for the failing business require knowing the future? I'm not asking this negatively, I'm just trying to understand perspective. Have you ever worked for a startup, or been involved in a small/medium business that's not-yet profitable? I think you would find extreme risk aversion in a system implemented like you describe, if the only option were continuous success or quick failure. Are there any areas of the world that prefer bankruptcy over headcount reduction, where we could look at the statistics?