Mass layoffs are never the fault of employees

Mass layoffs are never the fault of employees and are always the fault of C-level people who fail to properly anticipate demand or lack thereof. They are the results of companies growing beyond what organically can be supported by the market demand for their products, and the result of poor investment decisions at the highest level.

Most employees will move on and make more money elsewhere, but will have to go through short-term pain. It's the opposite for the business. They'll incur short-term gains, but long-term are diminished. CEO's now don't care about the long term negative effects because even the good ones only last about 5 years before the board of directors finds some reason to force them out.

Nicely said, @4whm+1mGKzxFz.

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Whether they meant to do it or not, there will be no recovery for Sabre…. Ekert is a mo--n, so maybe it was an overreaction. I don’t even care anymore.

You dont call it a massive bonus 50 euros every 4 months, 3 times a year.. yes, the little manager was cutting that off employees to show he is good with maths. no say thanks points either, always the cheap free one note copy and paste. Guess what, now one more time skipped layoffs and moving from one position to another.

The big party was done from micro management and higher positions. The rest were getting peanuts and even the peanuts where cut.

The sad story is these micromanagers will move to another company, on same level and the rest of people will have to start from zero again.

Yes no one anticipated the pandemic but after the pandemic there was a lot of attrition and retirement, and executives still approved a lot of hiring in the last years where Sabre was not making money. We got big bonuses, there was expensive leadership party, hiring, etc. As the thread author says it is the executives fault to be overestimating recovery, making bad decisions, and being overly optimistic, which is very common in delusional positive leadership. What is the big deal, at the end I can always do a mass layoff again if things do not work out, creating a lot of pain to hundreds of people.

While I have some sympathy for what you are saying no-one anticipated the pandemic or the effects it was going to have. Without it, none of these reductions would have happened. My view of the recent actions is that they were done in a big hurry to make the shareholders happy and were a massive overkill. If you have been anywhere near an airport recently you will know that the demand for travel is massive and is growing exponentially. We got rid of some of our best employees and the impact cannot be underestimated. You cannot do the same job with 15% less people, plus another 15% in 2020. Time will tell but I think this company just shot itself in the foot.

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Mass layoffs are never the fault of employees

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