Re:"About half of Bandcamp was laid off today"
by choppaface on Monday October 16, 2023 @03:54PM
(#37905511)
> I think it is naive to assume that Bandcamp was wise to be employing all these people
It probably was stupid, but stupid isn’t illegal, and companies will hide behind that fact to issue mass layoffs (which can be even stupider when they result in an inoperative team).
The financial argument behind a layoff is today made more irrelevant when the employees are smart and creative enough to be the key to company success. Good employees won’t take stupid, no matter how legal stupid is.
> sometimes it's entirely motivated by putting lipstick on a pig in order to look like a runaway growth success thing
The same can be said for the CEO and Board who created the mess. Except they get a big payoff no matter what, and have much larger leverage over the lives of the employees.
It probably was stupid, but stupid isn’t illegal, and companies will hide behind that fact to issue mass layoffs (which can be even stupider when they result in an inoperative team).
The financial argument behind a layoff is today made more irrelevant when the employees are smart and creative enough to be the key to company success. Good employees won’t take stupid, no matter how legal stupid is.
> sometimes it's entirely motivated by putting lipstick on a pig in order to look like a runaway growth success thing
The same can be said for the CEO and Board who created the mess. Except they get a big payoff no matter what, and have much larger leverage over the lives of the employees.