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Bertine van Hövell@baroness.bsky.social |
Layoffs as they are done now, are scientifically proven to be unprofitable and IMO a symptom of the brain rot cause by, and fetishization, of 'tough decision making'
and when I say scientifically proven, check out this segment from the really eye-opening write-up from HBR: hbr.org/2022/12/what...
22 replies 723 reposts 1402 likes
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Flux 🤍🩶💜🖤
@fluxandflow.bsky.social
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TY for posting this!
0 replies 0 reposts 1 likes
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Karl Bode
@karlbode.bsky.social
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yet it's wild how 90% of press coverage adopts this rhetoric about how mass layoffs are just a cold but necessary (even gutsy) part of some essential, unspoken mathematics
0 replies 2 reposts 18 likes
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Azure Raphael
@trai70.bsky.social
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Wait, you're telling me that not only are Pricate Equity bros short-sighted, craven ghouls, but that they're also stupid? 🤔
1 replies 0 reposts 6 likes
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Kevin Petker - Combat Philosopher - ☝️✌️🖐️
@kevinpetker.bsky.social
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"We've made the tough decision to severely cut executive compensation and pass some of that savings to the workers and some to the shareholders, to maximize the benefit of all our hard work." It's odd that THAT is never the hard (harder?) choice these Big Powerful Men make. So odd.
3 replies 4 reposts 59 likes
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▪️▫️ vedetta sgro
@vedetta.bsky.social
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📌
0 replies 0 reposts 0 likes
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Bertine van Hövell
@baroness.bsky.social
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of course i put my comma in the wrong place when this skeet travels hard i r real gut writer
1 replies 0 reposts 46 likes
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Kaerick
@kaerick.bsky.social
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But if they don't lay people off, then they'd have to look at the people that made all the decisions that tanked the company's profits. The corporate world simply cannot handle accountability of the decision makers without golden parachutes and additional failing upwards.
0 replies 0 reposts 3 likes
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Caezar
@caezar.io
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Too few corporations, run by too few millionaires and billionaires, sharing too many board members, are prone to assuming that financial memes are conventional wisdom.
1 replies 1 reposts 16 likes
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Neil Sheppard
@ultramanginger.bsky.social
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Totally agree, but there's also a culture of professional trouble-shooters and consultants who kick open the doors of a business, demand lay-offs, get short-term drops in costs, use it as evidence of "success" to get their next role, then ride off into the night before the cuts destroy profitability
3 replies 3 reposts 57 likes
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Electrichead
@electrichead.bsky.social
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No no no don't tell them the cruel thing they're doing because they're idiots doesn't work that's just going to make these people want to do it more...
0 replies 0 reposts 4 likes
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Liev
@lefloon.bsky.social
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Do something! What ! ANYTHING!
0 replies 0 reposts 1 likes
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@soulstorm.bsky.social
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Unprofitable for the company or both for the company AND the decision makers?
1 replies 0 reposts 2 likes
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Nicholas Smith
@borninawar.bsky.social
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Yes, but they don’t do it for more profit, they do it to make stock go up. (ie where the top execs make their real money.)
1 replies 0 reposts 1 likes
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B J. Witkin
@itsjustbeej.bsky.social
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In 2010 my then-employer laid off several thousand people bc the company had only made $8bn profit in 2009. At the town hall where they announced the layoffs I made this point to the R&D chairman, that layoffs don’t actually help the problems they’re supposed to address. I got a standing ovation.
0 replies 0 reposts 5 likes
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Brian Bruce
@brianvancebruce.bsky.social
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Evergreen:
0 replies 2 reposts 8 likes
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aaron
@hillenjoyer.bsky.social
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.
0 replies 0 reposts 0 likes
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Will Pierce
@willpierce.bsky.social
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‘Tough decision making’ curiously never applies to passing up risky short term gains
0 replies 0 reposts 1 likes
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Zeroisanumber
@zeroisanumber.bsky.social
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We're talking about a class of people who are unable to think more than a quarter ahead of time and unable to remember anything that happened more than a quarter ago. Prosaic minds looking to juice their stocks. They wouldn't listen to sense if you put a gun to their head.
1 replies 0 reposts 8 likes
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Herculinds
@herculinds.bsky.social
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They whine that no one wants to work and they can't find workers. Then they lay off a bunch of people. Within a year they'll be back to whining about a lack of workers, and the cycle continues
0 replies 0 reposts 6 likes
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Ikie
@isaacdoublet.bsky.social
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The boat has a hole in it, better throw some crew overboard to keep it afloat
0 replies 0 reposts 5 likes
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Sara Cate 🍄🐌
@saracate.bsky.social
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This backs up my understanding that layoffs are usually the preferred recommendation of ‘consultants’ whose number one goal is to increase CEO pay forever despite any evidence that it’s feasible
0 replies 0 reposts 3 likes
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Kevin Joel Berland
@starfish1.bsky.social
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I have often wondered how many economic principles put forward by corporations, governments, and university administrations are merely untested assertions. When I served on the university faculty senate I asked the president if he knew of any studies supporting the "market demand" theory +
1 replies 2 reposts 19 likes