It’s almost never actually a good business decision in the long-term to lose an employee, unless that employee is actually causing losses. All the layoffs of the past 50ish years from corporate downsizing is thanks to the business philosophy of Jack Welch. When you stop paying a large group of people, it looks good in the next quarterly meeting because you can point at the money you’re saving. The bad part is that now the business A) has lost that productivity, and B) will likely need to spend more money hiring a replacement worker who won’t be as competent.
I thought it was worse to retain ppl long term and thats why they are constsntly firing ppl?
It’s almost never actually a good business decision in the long-term to lose an employee, unless that employee is actually causing losses. All the layoffs of the past 50ish years from corporate downsizing is thanks to the business philosophy of Jack Welch. When you stop paying a large group of people, it looks good in the next quarterly meeting because you can point at the money you’re saving. The bad part is that now the business A) has lost that productivity, and B) will likely need to spend more money hiring a replacement worker who won’t be as competent.