> had a great product
> We got acquired
Can I just ask about the reason for this? Was it owners wanting off the ride?
Re:Why Layoffs Don't Work
by InsideOutSanta on Sunday March 09, 2025 @12:13PM
(#43310493)
Owners made half a billion and got high-ranking positions at the buyer.
Buyers bought it because they had a very specific problem that the product was designed to solve, and thought that it would be a competitive advantage to deny the solution to their competition. On paper, it was a good decision.
Re:Why Layoffs Don't Work
by krainboltgreene on Sunday March 09, 2025 @02:16PM
(#43311995)
Classic capitalist efficiency right there.
>yearly mandatory layoffs
That sounds grotesque. Who would choose to work at a company with that sort of bullshit dangling over your head?
Tons of people have gone to work at companies with various stack ranking schemes. Most people need jobs.
Re:Why Layoffs Don't Work
by shortrounddev2 on Sunday March 09, 2025 @01:52PM
(#43311737)
Enron was famous for this. Supposedly it's a practice that Jeff Skilling learned at Harvard business school, where the bottom 10% were flunked no matter what their absolute GPA was
Re:Why Layoffs Don't Work
by slackernews9 on Sunday March 09, 2025 @02:01PM
(#43311842)
I mean, being homeless kinda sucks.
Within six months, about a quarter of our employees, mainly top performers who could easily find other jobs, left voluntarily.
The whole thing self-destructed within another year, and the product we worked on was abandoned.