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by xracy
519 days ago
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5% of your new hires, doesn't necessarily mean 5% of your company. https://www.statista.com/statistics/273563/number-of-faceboo... ^But let's say you messed up hiring 20% of your company, and then you corrected that (layoffs for the past 2 years). You haven't hired enough people to justify perma-cutting 5%. And the number of functioning employees who stop working in a role isn't going to be as high as 5%. The reality is that most hires are probably fine in the role they're in. And you don't actually need to be this aggressive in cost-cutting. |
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You shouldn't think of all firing as a "mistaken hire". Sometimes you hire someone, and they work effectively for years, and then they kind of "check out" and don't do much work any more. It can be a good decision to hire someone, and then later a good decision to fire them.
It's also not a cost-cutting measure per se. Typically when you fire someone you get to replace the headcount with another hire or internal transfer. The point of firing people is to get rid of low performers and replace them with high performers.