Per Axios - "For every $1 saved from layoffs, costs the company $1.27 when accounting for unemployment insurance, severance, etc. " In addition to the obvious: Seniority, knowledge, experience... all gone to save a buck.
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They are when you have millions in stock
But the stockholders love them!
you ever see a company perform this bad that didn't follow with massive cost reduction? especially with $28 billion in debt
@b1 institutional knowledge is tribalism bullsh-t. Better idea is don't work at dum--ss companies that create alien knowledge to represent boilerplate mediocre sh-t someone could've just documented.
Sorry for the earlier typo, I meant to say “ I tend to agree,” ….
I then to agree, layoffs can be unprofitable in the long term due to hidden costs like decreased productivity among remaining staff, loss of institutional knowledge, and negative impacts on morale and company culture. Research shows that companies that downsize often don't outperform their peers and may suffer from lower stock prices, reduced profitability.