[1]: https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile...
Not debating that. I'm debating:
> Layoffs are often a choice between letting a small percentage go or causing the entire company to go out of business
Show me a company that MUST let go a SMALL PERCENTAGE of its workforce in order to not go out of business. Meaning a company which is hanging by a thread and that thread is (again) a small percentage of the workforce. Because if a small percentage of the workforce is expensive enough to provide you with the runway you need to continue doing business, that runway is short enough that the company will cease to exist anyway, so the point is moot.
If someone died in a mining accident and their employer sent their partner a letter saying “It appears they’re no longer with us”, that would not be well-received (to say the least). Euphemisms are only appropriate in the right circumstances.
But for companies pulling in profits to the tune of millions if not billions of dollars in profit?! Their leadership should be terminated before even the lowest performing employee instead of getting paid bonuses for ruining the lives of thousands of people who made their bonuses possible by putting in the work.