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Why even bother with such a small layoff? Is there a reason to not just dial up your attrition for a while?
Earlier quoted context omitted.
I think it's just the relative cost of money. Credit, debt, raises, revenue all rely on it. The tech industry got used to zero interest rate and then Covid-era stimulus. Now, suddenly, cashflow matters, but the companies are still run by the same people that only know perception management. Eventually they too will get cycled out.
not to mention SaaS stocks are down making the cost of borrowing against their stock more expensive
This announcement spends remarkably few words talking about the what (7% of the company's workforce was laid off), and a great deal of words talking about how bright the future of the company is and how they're going to hire more people.
It's something like:
(A) To the public (e.g. prospects, customers, investors): "This is a good thing and we're going to be an even better bet!"
(B) To the remaining team: "This is tough and I feel your pain and will do better."
(C) To the laid off: "It's not you, it's me, thank you and good luck."
It's hard if not impossible to handle all three of these authentically, concisely, and in the same message. Which is why you can almost immediately find something not to like..
Earlier quoted context omitted.
I think it's just the relative cost of money. Credit, debt, raises, revenue all rely on it. The tech industry got used to zero interest rate and then Covid-era stimulus. Now, suddenly, cashflow matters, but the companies are still run by the same people that only know perception management. Eventually they too will get cycled out.
not to mention SaaS stocks are down making the cost of borrowing against their stock more expensive
Why even bother with such a small layoff? Is there a reason to not just dial up your attrition for a while?
i dont understand this either. just dont hire for half a year or so, a generic globocorp gets to that 7% easily.
Why even bother with such a small layoff? Is there a reason to not just dial up your attrition for a while?
In theory, a small layoff can target the least productive employees.
If they are in an outstanding position why did he make 7% of the employees lives miserable with a stroke of a pen.
Before the 1980s layoffs were seen as a massive failure of the company and almost never happened to tenured employees unless the company was collapsing. Before we are all made to think this is normal and unavoidable behavior.
Before the 1980s layoffs were seen as a massive failure of the company and almost never happened to tenured employees unless the company was collapsing. Before we are all made to think this is normal and unavoidable behavior.