> The downsized companies, however, were outperformed consistently by the nondownsized ones I think this misses a piece of logic. A reason companies downsize b

> The downsized companies, however, were outperformed consistently by the nondownsized ones I think this misses a piece of logic. A reason companies downsize because their growth plans didn't come through. Like at the moment where tech companies scaled up for the pandemic imagining growth would continue at that rate. So now we are saying that companies that made a sound strategic plan perform better than companies that had to rip their plan up and start again. Layoffs are the effect, not the cause. It is childish to say that layoffs don't work. When a company runs out of cash it dies. Losing staff is hard, but if you can't afford them you can't afford them. Most managers hate layoffs too, even a psychopathic manager would see it as a failure. So whilst layoffs may set back your plan, at least the company survives. For clarity, there is no excuse for being shitty to staff during layoffs. US labour laws seem particularly weak in this area.