Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei...
by latexr on Monday January 23, 2023 @06:44AM
(#34487724)
> Curious if there is research here on how this impacts the company?
I remember reading something like this in Simon Sinek’s “Leaders Eat Last”[1]. Might’ve been anecdotal examples instead of research, though. I don’t necessarily recommend you read the whole book, but it may be a starting point for references.
My answer to the next quote is partially informed by memories of the book.
> Seems like it would also increase stress and encourage top performers to seek new opportunities.
In the case you cited, everyone got a proportional cut but senior management’s was higher. That signals to workers the company is prioritising them over short-term profits, increasing trust and making workers more invested in getting through the slump with the company as opposed to running away. If they’re successful and wages go back up, a powerful precedent of trust will have been set. Which might not even be necessary, as a company which goes this route probably has given other signals over the years.
Maybe that doesn’t matter to top performers who only care about money, but fortunately I don’t think those are as prevalent as HN may make us think.
I remember reading something like this in Simon Sinek’s “Leaders Eat Last”[1]. Might’ve been anecdotal examples instead of research, though. I don’t necessarily recommend you read the whole book, but it may be a starting point for references.
My answer to the next quote is partially informed by memories of the book.
> Seems like it would also increase stress and encourage top performers to seek new opportunities.
In the case you cited, everyone got a proportional cut but senior management’s was higher. That signals to workers the company is prioritising them over short-term profits, increasing trust and making workers more invested in getting through the slump with the company as opposed to running away. If they’re successful and wages go back up, a powerful precedent of trust will have been set. Which might not even be necessary, as a company which goes this route probably has given other signals over the years.
Maybe that doesn’t matter to top performers who only care about money, but fortunately I don’t think those are as prevalent as HN may make us think.
[1]: https://www.goodreads.com/book/show/16144853-leaders-eat-las...