5 ms·
It's an amount you can do safely without your employees or shareholders thinking you are a sinking ship, as that's what everyone is doing. However don't be foo
by monero-xmr 4y ago
It's an amount you can do safely without your employees or shareholders thinking you are a sinking ship, as that's what everyone is doing.
However don't be fooled - it will be 7% repeatedly until things stabilize. People think it's just 7% once. It might be, but this will be repeated if needed.
- mysterydip 4y agoyou're not kidding. I just did an internet search for "7% layoff" and it's staggering how many results there are.
- dboreham 4y agoSame reason Wall St takes a 7% commission on IPOs.
- CSMastermind 4y agohttps://www.insidescience.org/news/brain-seven-magic-number https://www.insidescience.org/news/brain-seven-magic-number For those unaware the number 7 seems to have a special place in the human brain as it's the number of distinct things most humans can hold in their brain at once before needing abstractions or other devices to keep track of the information. It's also the point at which our brains seem to switch from "a few" to "many" and because it's prime it's the highest a few number that we don't mentally split into groups of other numbers.
- Aardwolf 4y ago7% actually really is 0.07 though (or around 1/14th), the multiplication by 100 is completely arbitrary