Right, the Jack Welch (General Electric) school of management. This is a strategy best done as a regular ongoing culling of the "worst" employees. This way, yo

Right, the Jack Welch (General Electric) school of management. This is a strategy best done as a regular ongoing culling of the "worst" employees. This way, you are always a better workforce. When you have a mass layoff due to massively missing revenue goals, you have to start wholesale hacking of people to get rid of payroll. Payroll is the biggest cost to a company, so you have to shed employees fast, before the end of this quarter. There is no time to fire that many people at once, even with delegation. You have to chop all the non-performing or underperforming units/product lines/etc and everyone in them, be they the bottom 10% of the top 10%. If you have 750 people working in a product line that is losing money, they're zapped.