| The layoffs aren’t about actually saving the cost of those specific employees. Instead, the threat of being laid off is being used as a stick to bring the remaining employees in line — productivity has been lower the last few years, and leadership has no real way to measure on an individual level or how to improve it, so putting the pressure on employees is a tried and true tactics. Further, they can make lower TC offers to future employees, and give lower raises, pointing to the “need” to do so as demonstrated by earlier layoffs. So you lay off 6% but freeze the wages of the remaining 94% (who are grateful to have a job rather than carping about wages not tracking inflation) — big savings. |