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The article cited actual statistics and data comparing companies that enacted layoffs vs those that didn't. It showed very clear evidence, even within the same
by culi 2y ago
The article cited actual statistics and data comparing companies that enacted layoffs vs those that didn't. It showed very clear evidence, even within the same industry, that those that enacted layoffs fared MUCH worse
Also many of these layoffs are NOT coming when companies are "bleeding revenue". E.g. Meta and Twitter enacted massive layoffs after posting their most profitable quarters yet
- conductr 2y agoThat’s what should be expected. A company in a stronger position can more confidently avoid laying off people and “ride out” the painful market conditions. Not every company’s revenue is composed of similar risk items even within similar industries. Some companies are already knee deep in some new strategy and need everyone on board to roll it out. The other company is just a bunch of variable labor that can be culled when volume shrinks. It also means they’re not investing in the future and going to get beat by a more strategic competitor. So many other riffs to take on this, but short term minded financials are absolutely improved by layoffs and that’s usually all the action is trying to effect.
- culi 2y agoOkay but you are saying the exact opposite of what the comment I replied to is saying.