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Bluntly, taking business advice from an academic who has never worked in the private sector is suicide. If you attempt to socialize losses and cut pay, your be
by willmadden 4y ago
Bluntly, taking business advice from an academic who has never worked in the private sector is suicide.
If you attempt to socialize losses and cut pay, your best employees leave for other opportunities while your worst performers stick around.
That’s a recipe for disaster in a competitive market.
When done surgically, laying off non-productive employees can improve the morale of the top performing employees, because it shows that management is aware and appreciates them.
- petre 4y agoYou know that's bs, right? They took the cheap money, hired a bunch of people to do 'cool' stuff like VR and feed junk adtech directly to your brain, speech assistants to buy stuff that you don't need and self driving which failed to deliver on inflated promisses and when those things failed they're axing those projects along with the people who worked on them.
- willmadden 4y agoWhat is BS? I don't understand the context of your reply. I agree that large tech companies invest in stupid/frivolous projects during bull markets and over-hire/acquire. They also tend to neglect their core products, focusing on extracting money from those with an established network effect instead of improving the services.
- petre 4y ago> What is BS? HR measuring employee productivity and surgically laying off non-productive empmployes, boosting the morale of top performers. /s
- willmadden 4y agoHR? It's not HR. It's competition. Unless your company is a monopoly or protected in some way by the government through regulation, if you do not do that, you go out of business. I can tell you aren't a startup founder.