I have only ever quit jobs in response to layoffs. Layoffs demonstrate to me that the company is apparently low on cash if they need to fire people to make ends meet. If they are not low on cash, it means that they will arbitrarily fire anyone in order to pump up their stock.
Though I've never personally been laid off, it's a black mark on the company that I think you can never recover from. It means I will never trust anything said at a quarterly all-hands. The projections they give us employees are spun to be more positive than they really are.
During COVID, my company told us that we were going to be able to save money by breaking the lease on our office building and stop paying for amenities like the snacks in the break room and catered lunches (since nobody could use them anyways). This, they said, should save us enough money that we don't need to lay anyone off!
10% of the company was laid off a week later. The next day, I would later discover, the company applied for a PPP loan: they had laid people off pre-emptively so that they wouldn't be penalized for it next year when they sought to have their PPP loan forgiven.
It illustrated to me that you can't trust leadership, ever. Once a company initiates a layoff, it's a permanent black mark on that company
Though I've never personally been laid off, it's a black mark on the company that I think you can never recover from. It means I will never trust anything said at a quarterly all-hands. The projections they give us employees are spun to be more positive than they really are.
During COVID, my company told us that we were going to be able to save money by breaking the lease on our office building and stop paying for amenities like the snacks in the break room and catered lunches (since nobody could use them anyways). This, they said, should save us enough money that we don't need to lay anyone off!
10% of the company was laid off a week later. The next day, I would later discover, the company applied for a PPP loan: they had laid people off pre-emptively so that they wouldn't be penalized for it next year when they sought to have their PPP loan forgiven.
It illustrated to me that you can't trust leadership, ever. Once a company initiates a layoff, it's a permanent black mark on that company