Re:Our Company Is Doing So Well That You're All Fired
by droopyEyelids on Thursday February 22, 2024 @03:23PM
(#39472634)
This is an interesting thought experiment, because in that situation the company should cut another 10%, and so on, until they get some sort of message they can't cut anymore.
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Re:Our Company Is Doing So Well That You're All Fired
by brookst on Saturday February 24, 2024 @11:08AM
(#39492611)
I think that’s what’s going on in some places. And the message that it can’t go on is that highly committed people who were willing to take on 10% or 20% more work just quit when it gets to 30% or 40%, leaving behind those who can’t find another job.
It takes a while for that to show up on income statements though, and the quarterly results look great in the meantime, so it is by definition good management (by Wall Street standards).