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I'm seeing a trend in some companies I work with...
- Calling a bunch of managers to come to corporate
- mid tier and higher managers have to sign an internal NDA
- Start the 2-4 week countdown timer to re-org/layoffs
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Investing General Discussion
- Thread starter Furious
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Blazin
Creative Title
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So you would say it's more likely QQQ next hits 400 than 500?
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Mist
Eeyore Enthusiast
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That's what I'm being told by other people, and they convinced me. What do you think?
The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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This is a retarded take and is a great way to drive away top tier talent.
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The_Black_Log Foler
PalsCo CEO - Stock Pals | Pantheon Pals
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Not really. I’ve seen this at companies that have unregretted attrition rates. It’s like using a chainsaw for hand surgery - you’re gonna lose some good fingers in the process. From the engineering perspective I have zero idea how it makes sense financially when it’s an annual thing and it takes a company 6 months to spin up an engineer to be productive.
Can’t really speak to job roles outside of engineering though.
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Why the fuck did you have to say this. Being asked to sign a NDA for some super secret project next week
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Arden
Blackwing Lair Raider
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Mist
Eeyore Enthusiast
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The bottom 10% of general officer workers are never doing 10% of the total work. They're doing like 2-5% tops.
Remember how pareto rules work.
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Palum
what Suineg set it to
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Layoffs are the only way companies can get rid of shitty employees, especially those of protected classes. This is why it's an important part of the process. Remember, the American Dream is to make enough money to be able to afford ignoring the impacts of Civil Rights.
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Palum
what Suineg set it to
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Yea but I don't want to fucking go across town to the UPS store when I have wall to wall meetings.
Gravel
Mr. Poopybutthole
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What a weird comment when the Pareto Principle is 80/20. But okay.
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The accepted ratios I see just about across the board are that the top 20% of your workforce gets around 80% of the actual work done. Managers who don't study history see this and think "Great, we just lay off the bottom 20% and it's a minimal impact". But they don't follow the history enough to know that when you do that then the whole thing still ends up rebalancing, so the top 20% (now fewer) still do 80%, but that overall number is now lower.. And the added stress on those top 20% make them start leaving.
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Secret Project : DISplace TomServo, but to avoid a rush for the doors bribe him with a guaranteed exit package to sign an NDA promising not to tell all the people we're laying off before him that it's coming...
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Big Phoenix
Pronouns: zie/zhem/zer
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Not just that but firing so many people has to have serious consequences down the line. How does Intel or Dell fire 10k+ people and not have projects or productively massively impacted?
Furry
BROWN NOW
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I consider myself a bottom 10% worker and I’m definitely doing sub 0.1% of the work. I regularly sleep and game on the clock while completing ignoring things I’m supposed to do.
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Tmac
Adventurer
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Sanrith Descartes
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