this post was submitted on 20 Jun 2024
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As intended. A Layoff by any other name...
Not for 50% of the company though. They're going to have a rough couple years ahead of them.
I wonder if this method doesn't overproportionally eliminates valuable workers, who can easily switch companies.
Sounds like a problem for the next CEO. I got quarterly metrics to meet. When shit hits the fan cause all the talent left I'll just eject with my golden parachute.
Pretty much.
Capable employees don't raise a huge stink.
They quietly put the word out to a few people they know and play along until something interesting appears on the horizon.
Then when they're good and ready they just "suddenly" fuck off to somewhere nicer for them.