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A comment on An Update on January 2023 Organizational Changes. Parent comment

Re:An Update on January 2023 Organizational Changes by eloisant on Monday January 23, 2023 @10:00AM (#34489522)
The saving isn't that obvious because they might need to hire contracters (sometimes even the same worker) to make up for the lost workforce.

Also severance packages are expensive! In addition to all the costs associated with a big layoff plan like this one.

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Re:An Update on January 2023 Organizational Changes by marginalia_nu on Monday January 23, 2023 @10:05AM (#34489602)
Probably more about sending a message to anxious tech-shareholders than anything else. 2023 is not the right year for a tech investment to appear to hemorrhage money.
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Re:An Update on January 2023 Organizational Changes by nibbleshifter on Tuesday January 24, 2023 @01:53AM (#34500307)
> Probably more about sending a message to anxious tech-shareholders than anything else.

That's basically the whole deal.

You have to be seen to be cutting costs, to assuage the board and shareholders that you are performing your duty.

Layoffs are an incredibly easy way to do that.

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