Re:Yahoo to cut 15 percent jobs, close several units
by henrikschroder on Tuesday February 02, 2016 @02:35PM
(#11021850)
I think you explained yourself very well, you said that the company should cut perks and put the money into re-training employees to avoid layoffs.
Cutting perks will gut the company morale.
Re-training on the job is already available at most SV companies of this size. You want it, you get it.
The original article that called out the lavish party was explicitly doing so to paint Marissa as a CEO that spends frivolously, and the author wanted her to move that money from employees to the investors instead.
Instead, I'll just point you to Deming's work on management. He transformed Japan's post war economy into the powerhouse it is today. He's also responsible for the much of the transformation here in the USA during the 1980'ss & 90's.
Long story short: it's the goal of management to make workers successful. Re-training is the absolute best way of advancing the company.
https://www.deming.org/theman/theories/fourteenpoints