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To me "revenue and MAUs have declined significantly" sounds like a reason they would want to reduce employee numbers, rather than a reason they wouldn't. At le
by michaelt 2y ago
To me "revenue and MAUs have declined significantly" sounds like a reason they would want to reduce employee numbers, rather than a reason they wouldn't.
At least in a conventional business that uses revenue to pay wages.
- brookst 2y agoLayoffs are expensive compared to making people miserable so they quit.
- runako 2y agoOnly if you pay severance/etc., which X doesn't.
- lotsofpulp 2y agoTerminating employees without cause (i.e. due to employee’s poor performance) entitles the employer to unemployment benefits, causing the state to increase the business’s unemployment insurance premiums. If an employee quits or is terminated due to not coming into work, then they are not eligible for unemployment benefits, and hence the business’s unemployment insurance premiums are unaffected.
- runako 2y agoIncreased UI premiums on the remaining employees are not likely to approach the cost of "normal" severance for 80%+ of the original staff.
- deleted 2y ago[deleted]