After they let people go, it's always the same story. Management brings in new, cheaper folks, but they're basically in training for a solid year before they can pull real weight - if they ever do. So who picks up the slack? The people who are already stretched thin. Calling them new hires is generous when they add to your workload instead of lightening it.
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Yeah right, losing a source of income compares to doing some extra job keeping your income. I do not say it is not a burden, but it is not comparable mate.
Slack? There are too many people doing busy work and projects that never get deployed.
It doesn't pay to train them well. Once you do, they can just replace you next round.