Comment by somenameforme

1 day ago

I don't understand this take. The market tends to positively value layoffs.

However, admitting to have massively over hired and wasted a lot of money does not make the management involved look good. No one wants to admit they made a massive blunder.

The market doubly rewards companies that lay off workers and have a story about how they're automating everything with AI, even if that story is just a story.