Thread regarding Fidelity Investments layoffs

These days, it's fashionable not even to attempt retaining talent. Cost-cutting is the go-to strategy for propping up the share price and securing leadership bonuses. In the long term, they're cutting the branch they're sitting on. I'm not sure any of this is sustainable. The two groups most targeted in layoffs have been veterans, the well of knowledge and experience, and the younger talent that any company would ki-l for under normal circumstances. It's a recipe for disaster.