4 ms·
If they're making record profits and have already employed decent workers, isn't the optimal strategy surely "find something profitable for them to work on"?
by n4r9 3y ago
If they're making record profits and have already employed decent workers, isn't the optimal strategy surely "find something profitable for them to work on"?
- jcbrand 3y agoIt's possible to make record profits one year and a loss the next if you don't react early enough to trends.
- FirmwareBurner 3y agoPretty much this. Nokia had it's record year of profits the year after the iPhone launched even though the writing was already on the wall. It's easy to go from winner to looser in a snap with no way to turn back and hiring even more people won't help if the ship is heading towards the iceberg with full steam ahead.
- n4r9 3y agoI'm not quibbling with that. I guess I'm questioning whether laying off thousands of people is the best reaction, as opposed to redirecting their efforts.