4 ms·
Layoffs is how to get rid of your worst workers, pay cut is how to get rid of you best.
by p1esk 4y ago
Layoffs is how to get rid of your worst workers, pay cut is how to get rid of you best.
- defrost 4y agoAs pithy two edged maxims go, that is dull and chipped on both sides. Recent layoffs have indiscriminately targeted talent and pay cuts deter those that are primarily driven by returns.
- p1esk 4y agoAgreed. In my defense, I was responding to a pretty dull comment.
- defrost 4y agoNo worries, we've all been there :)
- sugarpile 4y agoNot true from the anecdotes, and admittedly just anecdotes, that I've seen. Top performers get some token, Approved by Legal™, <2% cut to avoid it being classified as a low performer firing, with a larger but still proportional percent coming from middle performers, and the the vast majority of the layoff percent consisting of low performers.
- deathanatos 4y agoWell, then I'll give you more anecdotes: I've been through, in one way or another, three layoffs in the last 7 years, and none of them were performance based.
- taeric 4y agoLayoffs get rid of both ends, as well. Don't fool yourself here.
- davidw 4y agoYep. First place I worked, they did some layoffs. After that, some of the best people started trickling out.
- midoridensha 4y agoLayoffs show the company isn't in a good place, so the best people start looking for better opportunities early, to avoid still being around when it gets even worse.