Earlier quoted context omitted.
If the 3x headcount increase really did add no value, there are still about 1/3rd profitable employees there now. In fact giant layoffs tend to cut the best people first because they are the ones who feel comfortable walking. The people that are the last to go are the ones who are very entrenched in the organization and who don't estimate their chances outside of it highly, and that's the exact description of who Elo…
> In fact giant layoffs tend to cut the best people first because they are the ones who feel comfortable walking. This is more true when the layoffs happen because the company’s situation deteriorates. If the company cuts jobs because revenues fall and products fail, better employees are indeed more likely to move to greener pastures before mediocre ones do. If, however, the company prospects improve, rather than wor…
There also isn't a measure of employee quality, and layoffs are often not about the individual (e.g. Amazon cutting robotics). I've had no clue how likely I was to be laid off during most points in my career.