I've noticed that when Pearson lays off people, they tend to get rid of talented folks with the most experience. Then when it's time to hire a replacement, it turns out they need two people to do the work of that one person.
Now tell me, how is that good for business?
Older, wiser, hard working layoff targets are the norm. Instead,they keep the risk-adverse executives, and the newly minted MBAs who are smart but just not seasoned enough to be wise. And they bail when the next attractive start up beckons. But I have to say, I liked my team during the first few years and although all of them have left, they were smart and dedicated.
And the two people are often in cheaper labor markets, often offshore.
If the two new people have combined salaries that come to less than the salary of the person cut loose, it’s good for the bottom line. That’s all the bean counters care about.