[leokennis]

While I can’t speak to the numbers, in general I think companies that so casually abandon employees by immediately announcing layoffs when times are tough cannot expect any loyalty or flex from the people that remain in times the economy picks up again.

Maybe they’re fine with that, and it’s all good. But if you sack people on a whim don’t be surprised if they walk out on you on a whim if some better opportunity comes along.