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> Why lay-off instead of repurpose? Appease investors probably
by cvhashim04 3y ago
> Why lay-off instead of repurpose?
Appease investors probably
- EasyMark 3y agoGenerally to boost numbers for the quarter, it takes a while for the damage to propagate through the system after a mass firing (in terms of new code/features/products) but the profits increase instantly, appeasing investors who think only in terms of weeks and quarters.
- joshspankit 3y agoI’m continually surprised that this tactic still works. It’s been rinsed and repeated so many times that the inevitable damage (and effect on the company financials) is practically boring.