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Well yeah, cutting workforce seems like it only has upside to these companies. Expenses go down, profit margin and share price go up. What're the workers gonna

Well yeah, cutting workforce seems like it only has upside to these companies. Expenses go down, profit margin and share price go up. What're the workers gonna do? Protest? Strike? Hah. No, the remaining employees will pick up the extra responsibility and thank the employer for continuing to employ them.

bumby 3y ago
Unionizing is an option. Not necessarily an easy one, but it’s an option.
KyeRussell 3y ago
Nowhere in your comment do you consider the possibility that some of these employees were doing something that just didn’t matter.
jossclimb 3y ago
I don't think its a pure upside. Anyone wanting a job would join one of these layoff companies, of course, but anyone already in a job is going to be a bit more hesitant. I right now would not accept a role with a lot of these layoff companies, too risky. I don't think that bad smell subsides that quick for everyone.
justblaze23 3y ago
> Expenses go down, profit margin and share price go up. Growth also goes down, which means more firings and rinse and repeat.
empathy_m 3y ago
> What're the workers gonna do? Protest? Strike? They're going to work for other firms, who have also simultaneously laid off staff. They will accept lower wages. Salaries will be permanently anchored lower, improving the cost structure of US software across the industry. It's an effective coordinated move by firms against labor. Interesting side effect here is that in order for staff to avoid a layoff, the benchmark is not whether they produce output in excess of the risk-free return -- it's whether their worth is greater than the long-term benefit of paying each new hire 30% less.
youngtaff 3y ago
Workers can leave… Know of a relatively well known brand that laid off a large chunk of it's tech staff and most / all the others are looking for routes out the door Chunk of the tech leadership that took over after the original tech leadership was laid off have already found new roles

bumby 3y ago

Unionizing is an option. Not necessarily an easy one, but it’s an option.

KyeRussell 3y ago

Nowhere in your comment do you consider the possibility that some of these employees were doing something that just didn’t matter.

jossclimb 3y ago

I don't think its a pure upside. Anyone wanting a job would join one of these layoff companies, of course, but anyone already in a job is going to be a bit more hesitant. I right now would not accept a role with a lot of these layoff companies, too risky. I don't think that bad smell subsides that quick for everyone.

justblaze23 3y ago

> Expenses go down, profit margin and share price go up. Growth also goes down, which means more firings and rinse and repeat.

empathy_m 3y ago

> What're the workers gonna do? Protest? Strike? They're going to work for other firms, who have also simultaneously laid off staff. They will accept lower wages. Salaries will be permanently anchored lower, improving the cost structure of US software across the industry. It's an effective coordinated move by firms against labor. Interesting side effect here is that in order for staff to avoid a layoff, the benchmark is not whether they produce output in excess of the risk-free return -- it's whether their worth is greater than the long-term benefit of paying each new hire 30% less.

youngtaff 3y ago

Workers can leave… Know of a relatively well known brand that laid off a large chunk of it's tech staff and most / all the others are looking for routes out the door Chunk of the tech leadership that took over after the original tech leadership was laid off have already found new roles