Re:Fantasy Math Is Helping Companies Spin Losses into Profits
by TheOtherHobbes on Monday April 25, 2016 @08:19PM
(#11568446)
I can agree with the first two. But layoffs are more often the result of incompetent management failing to find a profitable use for the existing workers.
Or sometimes they're caused by management playing the "Let's cut costs to increase returns so we earn more from our shares" game.
Big layoffs are a management failure, not a hiring failure. Realistically, how likely is it that a company that's been running profitably for years suddenly discovers that thousands or tens of thousands of staff were a poor hire?
Or sometimes they're caused by management playing the "Let's cut costs to increase returns so we earn more from our shares" game.
Big layoffs are a management failure, not a hiring failure. Realistically, how likely is it that a company that's been running profitably for years suddenly discovers that thousands or tens of thousands of staff were a poor hire?