I enjoy pointing out that for a company that makes X Profit, Y Salary does not equal Z Bankruptcy. If it did you don’t want to work for them anyway since they’re one good solid financial fart away from going under.
It’s all smoke and mirrors. Most companies can afford twice the workforce they have. Layoffs and hiring freezes exist to make the quarterly reports look pretty for the largely sociopathic execs who are just literate enough in most cases to deeply appreciate books with pictures that are less than 30 pages in length.
I enjoy pointing out that for a company that makes X Profit, Y Salary does not equal Z Bankruptcy. If it did you don’t want to work for them anyway since they’re one good solid financial fart away from going under.
It’s all smoke and mirrors. Most companies can afford twice the workforce they have. Layoffs and hiring freezes exist to make the quarterly reports look pretty for the largely sociopathic execs who are just literate enough in most cases to deeply appreciate books with pictures that are less than 30 pages in length.
If they’re publicly traded then they’re required by law to try to have continuous growth. Of course, that’s not sustainable.
So while it is slightly more complex than this, what you just said fundamentally boils down to:
You’re wrong.
Fiduciary Responsibility, yes. Legal requirement: No.