https://www.inc.com/nick-hobson/googles-plan-to-lay-off-10000-poor-performing-employees-is-based-on-a-big-lie-according-toharvard-professor.html
Ultimately, says Neeley, people affected by these layoffs aren't being let go because of their own underperformance, but because of the underperformance of management teams that made bad decisions. To justify laying off thousands of workers as "getting rid of the bad workers" isn't only unfair; it's not true.
You really can’t escape election deniers can you
US POTUS didn’t cause inflation. Get back on topic bruh!
Awaiting charges for DT!
When money is cheap (zero interest rate), companies keep borrowing, projects start, and people get hired. When interest rate is no longer zero and inflation starts, suddenly everyone realizes that those projects were never viable. The real blame goes to Brandon, who kick started inflation the fist day in office by cancelling domestic gas pipelines.
Trump knew that most of fuel sales are under long term contracts, but their contracted price is dictated by the spot market price for crude. So he was intervening in a small way in the spot markets, and keeping inflation in check by keeping energy costs low.
Then the great voter steal happened. Rest is history. These college professors surely cannot manage their home budgets, how were they going to take care of the country?
Usually these big layoffs are also used to keep cheaper younger work visa based employees and get rid of the rest.
The article is about Google however, OP is correct.
see below, "big tech" and "employees of these companies"
Of course, Oracle management failure wins on being THE worst...doesn't even compare to Google and others.
But, according to Harvard professor Tsedal Neeley, it's all one big lie. Many experts claim that the layoffs in big tech are the result of new corporate strategy, failed big bets coming out of the pandemic, and austerity measures entering the recession. This angers the public (not to mention the employees at these companies), because now the decision feels less objective -- less fair.
Ultimately, says Neeley, people affected by these layoffs aren't being let go because of their own underperformance, but because of the underperformance of management teams that made bad decisions. To justify laying off thousands of workers as "getting rid of the bad workers" isn't only unfair; it's not true.
If the shoe fits!
Fortunately the article is talking about Google and not Oracle.
An interesting read.