The thing about #tech #layoffs that people who haven’t been through it often don’t understand is that morale never recovers. The employees who remain will never have the same relationship with that company, bosses or peers.

Watching people you respect pack their stuff and crying on the phone with their spouses is something that never goes away. When I survived a layoff in my 20s I became a “do exactly what the ticket says” person. I stopped suggesting ideas, providing feedback, believing anything a manager told me.

If you are a company considering layoffs, especially a profitable company, you should approach it as “this department will have 100% turnover”. The second I got another job offer I left that company and six months later nobody who had been there at the time of layoffs remained.

I’ve seen that pattern play out multiple times.

@matdevdug my current company did layoffs back in June with pathetic severance packages.. and people have been quitting enmasse ever since.

The other thing to remember is that many of these former employees will end up at customers or potential customers who will now NEVER look at your product and will actively discourage other people from even taking your calls...

There is a knock on effect to layoffs.

For two weeks severance I'm not signing a non disparagement agreement.

@ShredderFeeder @matdevdug

I was recently talking with a friend who was looking at similar products from four companies. I did a quick search and saw that three of the four had recently done large layoffs, while the fourth was hiring. Guess which product I recommended?

@johntimaeus @matdevdug Also - don't recomend companies that do stock buy backs. That's just a way to prop up their stock prices artifically, it's a huge lie.
@ShredderFeeder @johntimaeus @matdevdug stock buybacks concentrate equity. How is that artificial?
@Qbitzerre @johntimaeus @matdevdug it increases demand artificially. Provides a temporary boost in value, usually so CEOs can cash out and buy another Gulfstream. #eattherich

@ShredderFeeder @johntimaeus @matdevdug CEO pay not pertinent to my question. Does it change total capitalization? Does decreasing the numerator disproportionately decrease the denominator? Should it?

Beyond that, would shareholders prefer dividends or unrealized gains? Is it more prudent to hoard retained earnings in the absence of asset deployment opportunities related to core business?

Depends on corporate mission, no?

@Qbitzerre @johntimaeus @matdevdug Corporate mission is to make money at all costs at the expense of others. That's every corporate mission.

When companies have a huge surplus they have two options, they can invest in the people who work for them, or they can make sure the CEO's get fat bonuses.

Guess which one they'll always choose.

@ShredderFeeder @johntimaeus @matdevdug they have more than two options. I'm as jaded by strip 'em and flip 'em private equity actors and their ilk as anyone can be. But the boundless cynicism is tiresome too. We live in a modern industrial society that wasn't built by singing kumbayah.
@Qbitzerre @johntimaeus @matdevdug I've met quite a lot of CEO types in my life...Not a single one of them I'd trust as far as I could throw them. They'd murder their own mother if the shareholders demanded it.