Boeing cutting more than 12,000 U.S. jobs with thousands more planned

Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by jedberg on Thursday May 28, 2020 @12:03AM (#23333266)

I mean, that kind of makes sense. But instead, why not hire 5,000 when times are good, stash away the rest of the cash, and then just keep all the great people you have when business is down?

It seems like retaining people instead of hiring up a bunch of new people and possibly losing some of your best people would be a better approach.

Sure, the other guys might get ahead of you a bit during the boom times, but you'll get a good jump during the bust and be much better positioned to take advantage of the next boom.

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by HenryBemis on Thursday May 28, 2020 @05:02AM (#23335056)

> get ahead of you

You hit the nail in the head. When it rains, the moneyfolk want to hoard as much cash as they can (shareholders gotta buy that new Porsche).

It's like temporary employment in hotels and restaurants during summer in touristic places.

Only the cycle is 8y/2y (up/down) in the decade) of 4mo/8mo (up/down) in the year.

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