What was the main reason given for the recent Nov and Jan layoffs? Anybody buying it?
As we know, the incompetent so called ELT we-ponized layoffs to get rid of political victims, those that are deemed old timers or too old, etc.
The following excerpts from the articles below says it all about this toxic place.
"If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it. Layoffs are the result of imitative behavior and are not particularly evidence-based."
"In many instances, corporations use a broader deluge of layoffs to disguise the impetus of their own downsizing. Indeed, as Annie Lowrey writes for The Atlantic, "[s]hedding employees when everybody else is doing it avoids drawing public scrutiny to or creating reputational damage for a given firm." Workforce reductions tend to signal trouble at a particular company or corporation — but if a "firm downsizes when everyone else is doing it, the public seldom notices and investors seldom care."
Copycat layoffs "also let executives cite challenging business conditions as a justification for cuts, rather than their own boneheaded strategic decisions," Lowrey continues. CEOs can play the decision off as having nothing to do with over hiring or mismanaged priorities on their part — it's just the way things are right now. I mean, everyone is doing it! Employees and shareholders ask fewer questions, morale (sometimes) takes less of a hit, and, as Forbes' Jack Kelly points out, higher-ups can "prune the low performers without worrying about being accused of discrimination or biases.""
https://theweek.com/economy/1021000/what-are-copycat-layoffs
https://www.theatlantic.com/ideas/archive/2023/02/why-are-layoffs-contagious/673021/
https://nodesk.co/articles/why-copycat-layoffs-wont-help-tech-companies-or-their-employees/