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I sometimes wonder is layoff just for show for the investors. A company the size of reddit couldn't possibly care about saving salary of 90 people to take bad P
by YetAnotherNick 3y ago
I sometimes wonder is layoff just for show for the investors. A company the size of reddit couldn't possibly care about saving salary of 90 people to take bad PR. Instead they could have simply moved people around and fire 90 over period of a year or so easily as part of performance review. Similarly I know a company whose yearly attrition rate is 30%, and they fired 10% of the people with 4 months reverence.
- Dma54rhs 3y agoIs it really bad PR? People here do discuss it but it doesn't change anything regarding their users, they are just there to mindlessly consume. And for investors as we have seen it can come off as a good signal. Only people working in tech mind care but do what in the big picture?
- YetAnotherNick 3y agoI am talking about employee PR. It makes hiring significantly more difficult for 2-3 years at least.