You are viewing a single thread.
View all comments View context
31 points

This is usually done to keep things going as normal as possible for as long as possible. Once people start noticing something is wrong, the best people start looking elsewhere. Before you know it, not only is the company in financial trouble, but it can’t recover because some of the best people left. At least one time I witnessed, the company was working on layoff plans and even limited bankruptcy, but at the same time negotiating with the investment firm that owned part of the company to get more money. If they got the money, everything would be fine. It wasn’t till that fell through, they had to start laying people off.

permalink
report
parent
reply
5 points

As if the best people won’t leave once the layoffs start

permalink
report
parent
reply
3 points

Right but you’re trying to avoid them leaving before that in case you get a win and don’t need to make the lay-offs. If they leave earlier the win you’re hoping for may no longer be enough to save you.

permalink
report
parent
reply
6 points

Exactly. Companies are typically working on multiple conflicting scenarios because you don’t know which it’s going to be

permalink
report
parent
reply

Asklemmy

!asklemmy@lemmy.ml

Create post

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it’s welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

Icon by @Double_A@discuss.tchncs.de

Community stats

  • 7.1K

    Monthly active users

  • 3.7K

    Posts

  • 82K

    Comments