Drive up the company stock by doing layoffs then when investors get spooked by your now understaffed, deeply unstable company and they flee try to fix it with more layoffs!

A plan that could only come from the most brilliant minds!

@futurebird the only company that I know that are doing layoffs is Intel, but they are also canceling some of their more speculative investments. What's the point in keeping around people working on projects you have decided you can't afford?

@ekg @futurebird This post probably references the tens of thousands of workers who were laid off from several large tech companies all announced within a couple weeks last fall.
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@hypolite @futurebird oh, after the pandemic bump? That was a function of companies over hiring, they didn't know what would happen so they hired as many as they could and right sized later. The cost of such behaviour is brain drain, but apparently they decided it was worth losing the best and brights not to lose out to their competition.

· Librem Social · 1 · 0 · 1
@ekg @futurebird There’s nothing right about “right-sizing” but I’m glad you can rationalize it. You’re right about the outcome, of course, but I prefer to see this oddly coordinated layoffs wave across an entire industry notwithstanding revenue nor profits as a way to lower labor costs amid improving worker condition through remote work and unionizing efforts.

@hypolite I didn't mean to imply that it existed anything "right" about it, I merely used the term that company leadership use. Arguably I should have put it in quotes to demonstrate it's not a term of my own.

Words have different meaning in different context, I often struggle to pick up on implied under tone.

@ekg Thank you, I wasn't exactly sure where you stood but I was hoping it would be this kind of light misunderstanding. 😊
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