Comment by blitzar
7 hours ago
> companies still need to lay people off...
The people who just gave you a 20% increase in profits in a year need to go?
7 hours ago
> companies still need to lay people off...
The people who just gave you a 20% increase in profits in a year need to go?
Yes, in a market economy layoffs still needs to happen.
What is your option? Companies keep people forever? In what economy does this work?
Please ask the Poles, Baltics and Eastern EU, when did their living standards increase? Was it joining EU or communist Soviet?
layoffs at earnings results time never ever need to happen.
in a market economy you layoff people when functions, business, products or roles actually become redundant (or fire for cause / underperformance) rather than waiting potentially months till the end of the financial year to do it in a mass firing.
when you need new headcount, inventory or inputs to your supply chain you don't wait 7 months selling no products to see how full year revenue looks before you decide
if you are managing a team and have poor performers or functions that are no longer necessary, you should bring them up to scratch or manage them out immediately, not wait 11 months till the next eoy layoff round. these stupid layoff rounds promote dysfunctional organisations with bloat and keeping around dead weight or overhiring to sacrifice people at the altar of the consultant / mba / earnings juicing layoff rounds.