It makes no sense to do broad layoffs during sweeping technical change that affects you, your customers and your competitors all at once. Makes way more sense t

It makes no sense to do broad layoffs during sweeping technical change that affects you, your customers and your competitors all at once. Makes way more sense to cling to your best people and re-train them in order to preserve your soul and institutional knowledge. I think deep layoffs + regret as opposed to re-training is actually uniquely American culturally and not a thing elsewhere.