4 ms·
Yeah, a lot of layoffs make a lot more sense when you re-evaluate the assumption that these CEOs are hiring people with the intent of keeping them indefinitely.
by brundolf 4y ago
Yeah, a lot of layoffs make a lot more sense when you re-evaluate the assumption that these CEOs are hiring people with the intent of keeping them indefinitely. For many, I'd bet this was the plan all along
- frankc 4y agoI don't even think it requires that in a strict sense. No one knows how long the cycle time is or if you are will reach a new long-term mean or not. Another important point is its not the case that all the hiring is LIFO. In fact we know that many old-time googlers were let go. I am sure many of the more recent hires have stuck around.
- stumblindrunk 4y agoTo the extent it doesn’t overly impact institutional knowledge, etc. hiring/firing should be FIFO, if you want to minimize costs. Hire new people, train them up, fire (some) experienced people that cost more. Whether that’s a “good” property of the system or not, I suppose depends at some level on how you feel about capitalism. Should a business owner be allowed to fire an employee to maximize their company’s value, and eventually their own income?