Earlier quoted context omitted.
It is not the individual layoff which is the issue for the people. It is the general feeling that the little man get squeezed under the argument of cost savings and the rich man takes out even more than the year before, independent of the market and company performance. In the past the entrepreneur took the yearly risks and was rewarded or not for it. The variation / risk on the (unrealistic) return is now managed on…
It’s one metric: revenue per employee. In a more capital expensive market, such as our current one, this metric is the one corporate managers are focusing on. For example, Google: https://fourweekmba.com/google-revenue-per-employee/ Ultimately it’s about something called austerity, which is taught in mba-jargon filled economic theory as a way to keep the working classes inline. Since the 1920s, western countries have…
You're also forgetting that raw dollars are not how companies are viewed. Every company is viewed on how it performs agains the risk free return rate. The rate going from 0 -> 5+ means companies must now generate returns in excess of the RFR in line with their generally accepted risk. This is the ultimate outcome of raising rates to reduce inflation - across the board layoffs lowering averages salaries.