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Layoffs aren't that easy, and they are very expensive. A lot of the big tech companies paid the equivalent of 6-12 months salary (if you include the various sto
by zeroonetwothree 4y ago
Layoffs aren't that easy, and they are very expensive. A lot of the big tech companies paid the equivalent of 6-12 months salary (if you include the various stock etc). There's also the cost in organizing the layoff, which can be millions of dollars in consulting fees, the costs of decreased productivity and morale, etc.
- lapcat 4y ago> they are very expensive > the costs of decreased productivity and morale I don't dispute any of that. I just mean that they can legally do it, and they don't have to justify it, they don't have to put employees on PIP, they don't have to give reasons why every employee was included. I mean, Elon Musk can basically walk into Twitter and haphazardly fire a ton of people. The consequences may be bad, but it's "easy" in the sense that he can just do it whenever he wants. Even more so for individual firings as opposed to mass layoffs.