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No executives lay off 60% of their employees for fun. Typically, this course of action is reserved for when the company believes they have a 95% chance of faili
by shalmanese 4y ago
No executives lay off 60% of their employees for fun. Typically, this course of action is reserved for when the company believes they have a 95% chance of failing and that doing the layoff will mean they now have an 80% chance of failing.
That the company later failed is not proof positive that the layoffs were a bad idea.
- iancmceachern 4y agoBut it is proof that it was a good idea for those that weren't laid off to jump ship asap.
- mcv 4y agoYeah, when a company is going to crash, it's better not to stay around until the end. Quite often, the last month(s) of work is unpaid. With all the upheaval at Twitter, I doubt it's going to survive. Well, the name will remain, and as long as servers keep running, some people will keep using it, so as long as Musk can hire enough people to keep the servers running, Twitter might be able to continue in some form, but it will never be the company it once was.