I’ve heard that this is the new type of layoffs big tech is doing. Massive layoffs that are required lower the stock price but people quitting is not news. So the best strategy to get rid of staff is to create a hostile work environment temporarily until you reach the right amount.
This is a really bad idea for long term health of a company. The people that stay are the ones that will struggle to find new jobs and the people that leave probably already have another job at a competing firm lined up.
It’s just straight up dumb but keeps the stock price high and the CEO gets his bonus.
I’ve heard that this is the new type of layoffs big tech is doing. Massive layoffs that are required lower the stock price but people quitting is not news. So the best strategy to get rid of staff is to create a hostile work environment temporarily until you reach the right amount.
This is a really bad idea for long term health of a company. The people that stay are the ones that will struggle to find new jobs and the people that leave probably already have another job at a competing firm lined up.
It’s just straight up dumb but keeps the stock price high and the CEO gets his bonus.