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by guiriduro
288 days ago
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Two things about backdoor layoffs. Mostly its about who. When its corporate dictat, those most likely to leave are those with other options, ie the best talent. So sure a business might save on severances in aggregate, but it doesn't get to decide on who, but simple statistics show it will be the best who move on. So a demoralised and increasingly mediocre workforce is then faced with a much tougher hiring environment with unfillable positions and the downward cycle continues, destroying customer value and reputation to a far greater degree than any temporary layoff savings. All for what exactly, control? Its the C-suites that should be being marched out the door. |
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No, quarterly earnings. In this case, retained earnings, but they want to show profits in a situation with high inflation, stagnant employment, and other issues where customers are not as spendy as they once were.