Layoffs are not bad press. Not to the shareholders, the only ones who matter to these types. I used to think “oh, layoffs mean the company isn’t doing so good,” but shareholders see “they reduced cost but lost no customers, thus increasing value of the company should it be sold.”
I hate that that’s the case.
I’ve been trying to lose weight, so I chopped off my leg just below the knee. I’m several pounds down, and I didn’t have to stop eating even a calorie. It’s amazing.
The only issue is that now I don’t have a leg and exercise may be difficult….
This is true, and it’s weird because these same companies used to hire like crazy because only growth mattered. Finally real financial discipline is being applied. The tech company I work for is open about the fact that revenue-per-employee is something like half of FAANG companies and they want that to change.
