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The market seems to disagree with the piece. The stock was in free fall from early October and recovered a bit after the layoff announcement. Anyone have an idea why?
The entire market took off like a rocketship. You need to normalize against the market (ie: calculate Alpha) to negate the macroeconomic effects.
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A layoff gives managers the opportunity to fire people who they've wanted to fire for a while. The firings within WotC were likely opportunistic and not about trying to change the direction or strength of the company. Doing it as part of larger layoffs gives an excuse for it and in theory mitigates drama.
My advice:
- Always be interviewing
- Never stay somewhere longer than 2-4 years
- Don't take on extra work or go above and beyond
- Try to work two or more remote jobs
- Kiss your boss' ass
- Never take a stand on anything
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Outside of the OGL misstep, WotC was one of the most successful brands this year.
A layoff gives managers the opportunity to fire people who they've wanted to fire for a while. The firings within WotC were likely opportunistic and not about trying to change the direction or strength of the company. Doing it as part of larger layoffs gives an excuse for it and in theory mitigates drama.
Ah you beat me to it. Layoffs like this mitigate the drama for sure, but also mitigates legal liability, which just goes to show you; you're a fool to remain loyal to the company. A lot of the people fired were rated highly in their performance reviews, I'm sure. But if you're too ambitious or criticized the boss for making a mistake or just looked at him wrong... you're gone. My advice: - Always be interviewing - Ne…
What, routinely?
No.
Earlier quoted context omitted.
Ah you beat me to it. Layoffs like this mitigate the drama for sure, but also mitigates legal liability, which just goes to show you; you're a fool to remain loyal to the company. A lot of the people fired were rated highly in their performance reviews, I'm sure. But if you're too ambitious or criticized the boss for making a mistake or just looked at him wrong... you're gone. My advice: - Always be interviewing - Ne…
> Try to work two or more remote jobs What, routinely? No.
A layoff gives managers the opportunity to fire people who they've wanted to fire for a while. The firings within WotC were likely opportunistic and not about trying to change the direction or strength of the company. Doing it as part of larger layoffs gives an excuse for it and in theory mitigates drama.
Ah you beat me to it. Layoffs like this mitigate the drama for sure, but also mitigates legal liability, which just goes to show you; you're a fool to remain loyal to the company. A lot of the people fired were rated highly in their performance reviews, I'm sure. But if you're too ambitious or criticized the boss for making a mistake or just looked at him wrong... you're gone. My advice: - Always be interviewing - Ne…
"If you stand for nothing, Burr, what'll you fall for?" (c)
this doesn't mean video game industry is dead....just that it needs to shed it's skin and remove the profit hungry leeches....
the big names will lose lots of money and will do all they can to consolidate anything left unscathed by their ineptitude and attempt acquisitions....it is time for a new dawn....break up the corpos....I look forward to a fresh empire of creators...
The market seems to disagree with the piece. The stock was in free fall from early October and recovered a bit after the layoff announcement. Anyone have an idea why?
My read: management bet the company on Film&TV in 2019, and lost so hard WoTC pays the price.
[1]:https://investor.hasbro.com/static-files/69afb88f-126e-4604-...
[2]: https://en.wikipedia.org/wiki/Entertainment_One#Sale_to_Hasb...