I’m not sure who ever believed this. Mass layoffs have never been about getting rid of just the low performers. Yes you get rid of the low performers, but you

I’m not sure who ever believed this. Mass layoffs have never been about getting rid of just the low performers. Yes you get rid of the low performers, but you also have cover to mass layoff the high income earners. That lets an executive claim to cutting costs, helping their bonuses and stock value, while also suppressing employee wages. When it’s a collective action by executives across multiple companies it should be clear why they’re opposed to employees having the same collective power.