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Why would a company ever cut 30,000 jobs at once, instead of smaller amounts of jobs incrementally? Presumably their desired number of employees did not actual
by mquander 14y ago
Why would a company ever cut 30,000 jobs at once, instead of smaller amounts of jobs incrementally? Presumably their desired number of employees did not actually change overnight by 30,000.
- adventureful 14y agoThey're looking for a headline. 30k gets you headlines. The cut is for Wall Street.
- johnthedebs 14y agoAlso, morale. Remaining employees will have a hard time focusing if they're worried about losing their jobs.
- apike 14y agoCutting all at once is better for morale than cutting over and over. If there are continuous layoffs, you're going to lose more of your key employees than if you can just cut deep and then build from there.