Earlier quoted context omitted.
Except in these firing sprees it's not competent employees that remain - those people are usually the first to jump ship because they have options and see where it's headed. It's not like they get raises for staying to get a part of the savings from the cuts - usually they get pay freezes. Restructuring is done on whatever idea the new owner(s) have in plan - which could be equally disconnected from "real product". I…
You realise how annoying it is when you see people around you in the company making as much money as you and doing nothing useful to actually generate revenue. Data scientists that write a blog post about the most used hashtag or emoticon. Or PMs that we don't need... I'm staying and I'm glad the teams are trimmed.
Absolutely. I also realize that when a company reaches the firing squad stage it's not a good idea to stick around - better polish up the CV and move to greener pastures. I have no insider information - they could be offering generous (and credible) retention bonuses for critical staff, but I've seen this happen twice before indirectly (I was gone before it started happening) and the people that stayed didn't have a good time, were lied to and left in the end anyway in a worse situation (or waited trough to bankruptcy and had to sue for outstanding wages in first place I worked in)