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>> why C-suite does even need to tell the respective division management to lay off employees if the actual goal is cost reduction You answered your own questi
by wffurr 2y ago
>> why C-suite does even need to tell the respective division management to lay off employees if the actual goal is cost reduction
You answered your own question. For a lot of layoffs, cost reduction isn't the goal; it's disciplining the workforce who were increasingly assertive at work about direction and conditions.
- dartos 2y agoIt’s honestly probably not that evil.(generally. There are definitely evil orgs out there) It’s just the easiest way to make the stock price go up. Layoffs caused twitter to bump in price. Same with Microsoft when they laid off all those game devs. C-suite don’t care about profit or losses in tech, just the stock price. In the 2010s, hiring devs increased stock prices. In the 2020s mass firings do. It’s just money. Simple as.
- slappyham 2y ago[flagged]