Earlier quoted context omitted.
Same situation at a different company, except they kept telling us "we made sure this won't keep happening". Of course few people believed and we lost many good engineers that simply left because they couldn't have a major source of income coming from such unstable place. I like to believe executives know their workforce will shrink more than the layoff numbers. They must know this. They also must know it will be har…
>They must know this. They also must know it will be harder to hire new people. They know this, right? Please someone tell me so. What time horizon are you thinking? People will forget '22/'23 layoffs very quickly. This is especially true if you made it through these last years, the market picks up and you want to move.
I've got an employer that I've held a grudge against for nearly two decades now and another that friends of mine have held grudges against since at least two corporate rebrandings ago, all just off the top of my head. We'll all happily talk dirt in a LinkedIn DM or over beers and who is to say how many of us all posted some anonymous strongly worded letter to something like Glassdoor.
Labor is still a market, for now, and while it isn't as liquid or as free of a market (in terms of open price [wage/salary] information, in terms of too many near monopsonies and/or trust-like behavior) as it should be in America, and companies should stop treating it like a one-way street. Bad labor relations hurts brands and eventually the market uses that information. It's not always efficient at using that information especially because it isn't liquid/free enough, but it uses that information.