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That would be a 26.13% layoff. The first layoff left you with 89%. Of that 89%, you lost another 83%. 0.89 * 0.83 = 0.7387. 1 - 0.7387 is how much you lost =
by vecter 4y ago
That would be a 26.13% layoff.
The first layoff left you with 89%. Of that 89%, you lost another 83%. 0.89 * 0.83 = 0.7387.
1 - 0.7387 is how much you lost = 0.2613 = 26.13%.
It's probably clearer to reason about if you have two consecutive 50% layoffs. Clearly you didn't have a 100% layoff. Your workforce got cut in half twice, leaving you with 25% of what you had originally (or a 75% layoff).