4 ms·
> Your best employees are the most likely to leave via attrition, because they have the most opportunity elsewhere. But this remains true after a layoff and th
by georgemcbay 4mo ago
> Your best employees are the most likely to leave via attrition, because they have the most opportunity elsewhere.
But this remains true after a layoff and the layoff often acts a motivator for your best employees to start looking even if they weren't previously.
Usually they aren't thinking "well, glad I survived that layoff and now my job is safe forever", they are thinking "huh, is this a sinking ship? Maybe I should look around and see what else is out there..."
...speaking as someone that has been at several companies during layoffs...
- rconti 4mo agoyeah, it seems like it would have to be accompanied by a pay bump for the ones you really want to retain... which is challenging from an optics perspective.
- wrs 4mo agoPerhaps, but there are optics only when someone sees. It's not unusual to fund retention increases using some of the budget freed up by a layoff, but that won't be explicitly stated in a public announcement.