Earlier quoted context omitted.
the people who would leave after a layoff can do so preemptively, perhaps saving headcount for someone else?
The problem is that such voluntary separation programs tends to disproportionate attract high performers. You're losing the "10x engineer" who has stuck around because they like being here - despite getting attractive offers from the competition. The mediocre people who dread looking for a new job during a hidden recession aren't going to leave. They can't afford the risk of not being able to find a new place of empl…
Neither of these groups are valuing long term expertise