[wootland]

> Where is this magical "elsewhere" part where there would be no layoffs?

Any company with competent management. That includes not cargo culting layoffs while turning a blind eye to the damage they cause to a company.

> It's mind-boggling that we have raised a generation of people who are absolutely clueless about "Cost-of-Capital". It is worse than people not understanding democracy

What's mind-boggling is that people think the cost savings from a layoff happens in a vacuum. There are definitely repercussions in terms of loss of productivity, increased employee churn, brand damage, increased difficulty hiring in the future, loss of operational knowledge...

Layoff are a sign of mismanagement. That has nothing to do with the "cost-of-capital".

[deltree7]

So you have never created a bug in your life? Made a mistake?

Your statement is as naive as "A Production Bug / Latency is a sign of Incompetent Software Developer" Should we fire you as soon as you hit the first bug?

BTW, You have a fundamental misunderstanding of Cost of Capital

Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you?

[wootland]

I'm not sure if you replied to the right comment or not since I didn't say anything about firing engineers (or anyone).

My point is that over-hiring and layoffs aren't "good for the company" as the post I was responding to claimed. They're both a sign of bad management that incurs a cost on the company being poorly managed. One of those costs is that top performers leave as they are the first to recognize mismanagement.

[ztrww]

> Tomorrow if your salary is cut by 50%, would you cut-down on extra expenses? Is that a sign of mismanagement from you?

if you knowingly and willfully put yourself into a situation which resulted in your salary being cut by 50% then yes

[s1artibartfast]

It's still worth it to a apply for a job that pays double or take a job that pays double. It is only a personal failing if you misunderstand the risk and cost going in.

Similarly, if you gamble on a coin flip and lose, that doesn't mean it was a bad bet. It is only a bad bet if you calculate the odds and expected returns incorrectly. People seem to really struggle with this concept