wow that is big lay off, but how they decided what 900 employees to lay off wtf? could they give them some opportunity to grow within the company for some different role? I mean on the other side this is really shit news, but giving that 3 months of benefits and paycheck is kind of Ok i guess in this situation so people can start looking for another job.
From the article: >>Garg told Fortune that a month earlier, the company began to review employee productivity data, including missed telephone call rates, number of inbound and outbound calls, employees showing up late to meetings with a customer, and other metrics. >>“You guys know that at least 250 of the people terminated were working an average of 2 hours a day while clocking 8 hours+ a day in the payroll system?…
Well worded. They looked at the data they had, whatever the heck that was. It sounds like a large part of this was in the sales and success org, given the reference to customer interactions and inbound/outbound monitoring.
The charged language "stealing" seems really defensive to me. Even if they were stealing do you really want to publish how bad your managers were dealing with it proactively?
From an economics perspective you can justify mass lay offs and you can say that there is no perfect way to do it, but there are a LOT of red flags for a CEO who already has a history of red flags. Maybe they shouldn't be in charge?