Re:Rackspace announces it has laid off 200 workers
by quacker on Sunday March 03, 2019 @03:01AM
(#19293328)
Agreed but job openings in different areas most likely. Hypothetical example: you lay off 200 developers and want to hire 200 sales/marketing folks. Devs don't want to be retrained in marketing (I sure wouldn't).
But, also consider that the PE firm doesn't care all that much. They just need to make the numbers look good, so they replace highly paid veterans for cheaper junior workers. And ultimately, they force the company into treading water with a smaller/cheaper workforce which makes the numbers look good in the short term so they can sell it. Sucks for the company though.
Re:Rackspace announces it has laid off 200 workers
by raxthrow2022 on Saturday March 02, 2019 @09:35PM
(#19292368)
I had the same thought when I heard about this internally. Especially given that our company wishes to "retain the top tech talent" and "become/remain a destination employer". Morale is indeed quite low because of this :(
Why not just retrain existing workers instead of laying them off? Stuff like this seems like the quickest way to kill morale and run the business into the ground.