undefined | Better HN

0 pointsttoinou7mo ago0 comments

  It depends. A struggling company that needs to reduce workforce to survive? No. A company worth trillions laying off en-mass because stock rates are down? Yes, probably.

Is the argument against layoffs purely based on the stock market value of the company ? That sounds very reductive

0 comments

dietr1ch7mo ago

Google's 2023 layoffs was pure for stock market as Google was pressured to do what everyone else was doing (like, no one got fired for buying IBM). After the layoffs the stock went up, and I remember people compiled data to try figure out the reasoning behind it without much success. It broke trust in the company and desire to work there, what for if the shareholders would be better off with the news of a new layoff? My manager who was doing a great job and took my team about 8mo to hire was laid off.

ttoinouOP7mo ago

Oh, interesting. I meant the argument "they can afford it, they have enough money, look at the stock market", not "they are trying to save money and drive up their stock value"

j / k navigate · click thread line to collapse

0 pointsttoinou7mo ago0 comments

  It depends. A struggling company that needs to reduce workforce to survive? No. A company worth trillions laying off en-mass because stock rates are down? Yes, probably.

Is the argument against layoffs purely based on the stock market value of the company ? That sounds very reductive

0 comments

dietr1ch7mo ago

ttoinouOP7mo ago

Oh, interesting. I meant the argument "they can afford it, they have enough money, look at the stock market", not "they are trying to save money and drive up their stock value"

j / k navigate · click thread line to collapse