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> when one major tech company downsizes staff, the board of a competing company may start to question why their executives are not doing the same So executives
by paholg 3y ago
> when one major tech company downsizes staff, the board of a competing company may start to question why their executives are not doing the same
So executives are just playing a big game of "monkey see, monkey do". Why do they get paid so much?
- Viliam1234 3y agoBecause they see the competing company paying so much?
- dr_kiszonka 3y ago”In light of other tech companies laying off their workers, Y's reluctance to slim down its workforce demonstrates Y's failure to reduce its dependence on employees. With a high level of uncertainty surrounding today's labour market and Y's limited ability to lower its fixed costs, our confidence in Y delivering competitive returns to its shareholders in the medium to long term is diminished, leading to our revised, lower rating of Y."
- paholg 3y agoFrom that viewpoint, it's better to overhire when other companies are hiring and do layoffs when other companies are doing layoffs vs. just hiring the right number of people in the first place. Which is completely insane, and is both terrible to workers and leads to more recessions. How do we get investors to value companies making correct calls over just following the industry?
- throwawaymanbot 3y ago[dead]