Hacker News new | ask | show | jobs
by throw93 1141 days ago
Why do you think the workforce who generated record profits for Intel only a couple years back are suddenly "unneeded"? That's just reflects the dumb decisions made by the leadership. If anything the CEOs and upper management who made those bad decisions and still taking millions in bonuses should be fired.
1 comments
zmnd 1141 days ago
How is the previous revenue relevant? For a rational company, workforce is needed to increase revenue in one way or another. If the company is rational and wanted to increase their revenue, why would they decide to lay them off (and incur additional expenses)?
link
throw93 1141 days ago
It's relevant because it proves that majority of the workers are competent. If you are not able to succeed with a competent workforce then you're just a bad CEO/leader and should step down.

Also it's wrong to assume companies are rational. If you are constantly in a cycle of hiring and firing employees, then it indicates you have a no long term vision and no skills to navigate the market.

link
zmnd 1141 days ago
How does it prove it? Why the same logic doesn’t apply to the upper management, they were at the company when it had record profits. So they are competent enough to recognize that certain efforts are not needed anymore and it’s time to cut losses.
link
throw93 1138 days ago
Same logic does not apply to the upper management because they are not directly involved in generating value for the company. Elon Musk is not out there writing code, Tim Cook is not assembling iPhone or even designing it. Telling someone what to do is not even close to the labor of person actually doing it. And when the "upper management" makes bad decisions and results in huge losses, bottom rung employees are the first one to go.
link
zmnd 1137 days ago
You are saying that they are not directly involved in generating "value" and then saying that bad decisions result in huge losses. That just doesn't compute. And how do you know that laid off people "directly" involved in generating value? E.g. many (most?) recruiters are awesome, but there's not much value to generate when there's no hiring.

If layoffs are the result of bad management, does it mean that there's no good management in tech, since everyone is doing them?

link