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Why can’t the extremely profitable companies manage their headcount through attrition? Losing 6% of your staff via a hiring freeze would work too wouldn’t it?
by aczerepinski 4y ago
Why can’t the extremely profitable companies manage their headcount through attrition? Losing 6% of your staff via a hiring freeze would work too wouldn’t it?
- wepple 4y agoI believe the claim that execs would make is that natural attrition isn’t fast enough, especially during economic slowdowns where opportunities to jump ship are at an all time low. Further, there’s a good chance that the execs have taken it into consideration already, IE they need an 8% reduction so they layoff 6% and assume 2% through attrition. The skeptic in me also suspects that this isn’t just about cutting expenses - they’re wanting to send a message to those who remain that it’s time to get to work and achieve some results. IMO it actually ends up demotivating and turns people away from trusting the org, but rather prepping to jump ship.
- vikingerik 4y agoAttrition loses your more talented and motivated workers, as those are the ones that can and do find better deals elsewhere. Layoffs are the way to lose your least talented and motivated workers.