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Where is this magical "elsewhere" part where there would be no layoffs? It's mind-boggling that we have raised a generation of people who are absolutely cluele

Where is this magical "elsewhere" part where there would be no layoffs? It's mind-boggling that we have raised a generation of people who are absolutely clueless about "Cost-of-Capital". It is worse than people not understanding democracy

wootland 4y ago
> Where is this magical "elsewhere" part where there would be no layoffs? Any company with competent management. That includes not cargo culting layoffs while turning a blind eye to the damage they cause to a company. > It's mind-boggling that we have raised a generation of people who are absolutely clueless about "Cost-of-Capital". It is worse than people not understanding democracy What's mind-boggling is that people think the cost savings from a layoff happens in a vacuum. There are definitely repercussions in terms of loss of productivity, increased employee churn, brand damage, increased difficulty hiring in the future, loss of operational knowledge... Layoff are a sign of mismanagement. That has nothing to do with the "cost-of-capital".
- deltree7 4y ago
  So you have never created a bug in your life? Made a mistake? Your statement is as naive as "A Production Bug / Latency is a sign of Incompetent Software Developer" Should we fire you as soon as you hit the first bug? BTW, You have a fundamental misunderstanding of Cost of Capital Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you?
  - ztrww 4y ago
    > Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you? if you knowingly and willfully put yourself into a situation which resulted in your salary being cut by 50% then yes
    - s1artibartfast 4y ago
      It's still worth it to a apply for a job that pays double or take a job that pays double. It is only a personal failing if you misunderstand the risk and cost going in. Similarly, if you gamble on a coin flip and lose, that doesn't mean it was a bad bet. It is only a bad bet if you calculate the odds and expected returns incorrectly. People seem to really struggle with this concept
  - wootland 4y ago
    I'm not sure if you replied to the right comment or not since I didn't say anything about firing engineers (or anyone). My point is that over-hiring and layoffs aren't "good for the company" as the post I was responding to claimed. They're both a sign of bad management that incurs a cost on the company being poorly managed. One of those costs is that top performers leave as they are the first to recognize mismanagement.

wootland 4y ago

> Where is this magical "elsewhere" part where there would be no layoffs? Any company with competent management. That includes not cargo culting layoffs while turning a blind eye to the damage they cause to a company. > It's mind-boggling that we have raised a generation of people who are absolutely clueless about "Cost-of-Capital". It is worse than people not understanding democracy What's mind-boggling is that people think the cost savings from a layoff happens in a vacuum. There are definitely repercussions in terms of loss of productivity, increased employee churn, brand damage, increased difficulty hiring in the future, loss of operational knowledge... Layoff are a sign of mismanagement. That has nothing to do with the "cost-of-capital".

deltree7 4y ago
So you have never created a bug in your life? Made a mistake? Your statement is as naive as "A Production Bug / Latency is a sign of Incompetent Software Developer" Should we fire you as soon as you hit the first bug? BTW, You have a fundamental misunderstanding of Cost of Capital Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you?
- ztrww 4y ago
  > Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you? if you knowingly and willfully put yourself into a situation which resulted in your salary being cut by 50% then yes
  - s1artibartfast 4y ago
    It's still worth it to a apply for a job that pays double or take a job that pays double. It is only a personal failing if you misunderstand the risk and cost going in. Similarly, if you gamble on a coin flip and lose, that doesn't mean it was a bad bet. It is only a bad bet if you calculate the odds and expected returns incorrectly. People seem to really struggle with this concept
- wootland 4y ago
  I'm not sure if you replied to the right comment or not since I didn't say anything about firing engineers (or anyone). My point is that over-hiring and layoffs aren't "good for the company" as the post I was responding to claimed. They're both a sign of bad management that incurs a cost on the company being poorly managed. One of those costs is that top performers leave as they are the first to recognize mismanagement.