this post was submitted on 07 Jun 2023
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Technology
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So why do layoffs at all if they don’t actually work? “People do all kinds of stupid things all the time,” Pfeffer says. “I don’t know why you’d expect managers to be any different.” https://www.theverge.com/2023/1/26/23571659/tech-layoffs-facebook-google-amazon
That's a very enlightening article!
There is a psychology at work in layoffs—ownership forces management to choose to hurt people to give more to ownership. Like paying a blood tribute to the king, but dumber.
I like, and suspect this to be the true reason, the argument that one company sees another doing layoffs so they do layoffs. It's all just a race to the bottom.