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The casualness of mentioning record revenues in the same PR statement as laying off 4,000 people is fucked up on a new level. It used to be you were supposed to
by 0xbadcafebee 6mo ago
The casualness of mentioning record revenues in the same PR statement as laying off 4,000 people is fucked up on a new level. It used to be you were supposed to at least pretend you were forced into a layoff. But now it's like "Hey guys! It's time for our regularly scheduled layoff to juice profits! I got an extra $5M bonus for this!"
- dcrazy 6mo agoWhat’s really weird to me is they clearly wanted to convey to the Street that these layoffs were _not_ motivated by any of their financial results with the phrasing “fewer than 4,000”. But they conspicuously didn’t provide any other reason. No divisions closing down, no realignment of capital. I wonder if someone in the C-suite simply decided that they had some rough percentage of underperformers on the payroll, but they can’t publicly call them performance based terminations without triggering a risk of lawsuits.
- deleted 6mo ago[deleted]
- alistairSH 6mo agoIt's 100% normal these days. My employer did the same thing in January.
- eurekahalting 5mo agoNormalized, but not normal