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They don't know which 20% needs to be cut. That's why they wait until something unrelated to their business internals (market downturn, other companies are cutt
by whatshisface 2y ago
They don't know which 20% needs to be cut. That's why they wait until something unrelated to their business internals (market downturn, other companies are cutting) happens to try.
- jordanb 2y agoI remember seeing somewhere an analysis that layoffs do not improve medium or long-term stock performance for companies performing layoffs. But if layoffs are coordinated sector-wide they can have a big impact on employee compensation in the sector by creating a reserve army of unemployed.
- whatshisface 2y agoYes, it's justified on the same economic basis as pricefixing, and unionization with coordinated strikes if you interchange the parties.