The article has specific advice about how to make sure the layoffs are a wise decision before cutting the jobs. In the movie, Office Space, they had consultants interviewing everyone and determining who is adding value or not. I guess those were the good ol’ days and now we’ve gotten to the point where the only consideration is whether this will make the numbers look good this quarter.
If you have the view that everyone is replaceable, it all comes into focus. How much would it cost to interview everyone in a department for value, then lay off 10%? How much would it cost to lay off the 10% most expensive employees? Executives will pick the 2nd because in this economy, you can just open the front door and dozens of candidates will flock in, competing with each other for the lowest salary. Win-win (not for you).
In an employee’s economy, firing a person then hiring them back is more expensive than in an employer’s economy.
I’ve been involved directly or through family through five layoffs in the last three years. You’re so right.
These companies all hire Bain Capital, their consultants open their “defaultwallstreetfellatingdystopianlayoffplan.docx,” and talk to upper management who has no idea what people on the ground do. They put the people and salaries in a spreadsheet, show the CEO, and nobody in a decision-making role ever directly confronts human-to-laid-off-human the cost of what they are doing.
The article has specific advice about how to make sure the layoffs are a wise decision before cutting the jobs. In the movie, Office Space, they had consultants interviewing everyone and determining who is adding value or not. I guess those were the good ol’ days and now we’ve gotten to the point where the only consideration is whether this will make the numbers look good this quarter.
If you have the view that everyone is replaceable, it all comes into focus. How much would it cost to interview everyone in a department for value, then lay off 10%? How much would it cost to lay off the 10% most expensive employees? Executives will pick the 2nd because in this economy, you can just open the front door and dozens of candidates will flock in, competing with each other for the lowest salary. Win-win (not for you).
In an employee’s economy, firing a person then hiring them back is more expensive than in an employer’s economy.
I’ve been involved directly or through family through five layoffs in the last three years. You’re so right.
These companies all hire Bain Capital, their consultants open their “defaultwallstreetfellatingdystopianlayoffplan.docx,” and talk to upper management who has no idea what people on the ground do. They put the people and salaries in a spreadsheet, show the CEO, and nobody in a decision-making role ever directly confronts human-to-laid-off-human the cost of what they are doing.
Bain and/or PWC. Sometimes both.
Always same clowns.
Oh Forbes, you helped create the fiasco and now you pretend that rich people will pay for it? … Nobody believes you.
LINE GO UP!
Absolutely correct. Literally the only thing that matters is quarterly earnings.
That’s why everything you buy and use sucks now and is perpetually getting shittier.
As always, Star Trek knows what’s up:
The speed of technological advancement isn’t nearly as important as short term quarterly gains. - Quark s4e7 (little green men)