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this post was submitted on 10 Jan 2024
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I was laid off last year. Got a job after a while and just survived another layoff today. I agree with this assessment.
It’s all post-pandemic stuff. Executives thought growth would continue, and it didn’t. Then they had to take account for their decisions and make others suffer for them.
That's the funny thing. Common sense says things go back to a sense of normal. Executives lack common sense or foresight.
Normality. That would be nice. Where the rich and powerful… (checks history books)… use their riches and power to get more riches and power.
In all honesty, yes, things will go back to normal. Layoffs shouldn’t be as common in the future, it’s just still post-pandemic stuff we have to get through. Executives will always be cold, but hopefully they won’t expect massive growth in the future and then not get it.
Its not even about the growth, publicly traded companies do layoffs because it makes the stock price go up.
You should be worried when small and midsized comapanies do layoffs that are not publicly traded