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many industries (legal etc) were more productive during covid (WFH), wondering if employee productivity analysis over the lockdown period led to drastic staff r
by al_be_back 4y ago
many industries (legal etc) were more productive during covid (WFH), wondering if employee productivity analysis over the lockdown period led to drastic staff reduction.
makes little-to-no sense otherwise to lay off staff en mass as the economies open up, takes ages to re-hire. look at Aviation or Hospitality industries, how they struggled to rehire to keep-up with customer demand when lockdown ended.
- jstx1 4y agoYou're only looking at it on one dimension though - Covid and economies opening up aren't all the factors to consider here. Meta need to think about investor sentiment, interest rates, any changes in the advertising space, the social media landscape, growth/decline in the number of users, engagement of existing users, their company's reputation, plans to expand into new products etc.
- lotsofpulp 4y ago> look at Aviation or Hospitality industries, how they struggled to rehire to keep-up with customer demand when lockdown ended. These are low pay, low quality of life jobs, so not comparable to a job at a major software business where you will likely earn multiples of the median income.