Max KennerlyLayoffs and stock buybacks are usually perceived by investors as savvy business decisions by pragmatic leaders when in reality both are an admission by the board and management that they have no idea what they're doing.
Layoffs are an admission the company doesn't know how to use human resources.
Stock buybacks are an admission the company doesn't know how to use capital.
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
What explains recent tech layoffs, and why should we be worried? | Stanford News
As layoffs in the tech sector mount, Stanford Graduate School of Business Professor Jeffrey Pfeffer is worried. Research – by him, and others – has shown that the stress layoffs create takes a devastating toll on behavioral and physical health and increases mortality and morbidity substantially. Layoffs literally kill people, he said.
artisanrox