Nicole Parsons on Nostr: 2/2 https://theweek.com/business/economy/america-avoid-recession-2023 3. Venture ...
2/2
https://theweek.com/business/economy/america-avoid-recession-2023
3. Venture capitalists like Chris Hohn ordered mass layoffs to manipulate stock prices & boost management bonuses
They want dividends & stock buybacks more than revenue generating employees.
https://fortune.com/2023/01/23/christopher-hohn-rishi-sunak-old-boss-tci-fund-management-letter-to-alphabet-sundar-pichai/
4. Layoffs don't make companies efficient
It frees skilled labor for hiring by other sectors of the economy or into the arms of foreign competitors.
https://ca.news.yahoo.com/tech-layoffs-hitting-companies-doing-141523174.html
5. To thwart work-from-home or unionization drives
https://hbr.org/2022/12/what-companies-still-get-wrong-about-layoffs
https://theweek.com/business/economy/america-avoid-recession-2023
3. Venture capitalists like Chris Hohn ordered mass layoffs to manipulate stock prices & boost management bonuses
They want dividends & stock buybacks more than revenue generating employees.
https://fortune.com/2023/01/23/christopher-hohn-rishi-sunak-old-boss-tci-fund-management-letter-to-alphabet-sundar-pichai/
4. Layoffs don't make companies efficient
It frees skilled labor for hiring by other sectors of the economy or into the arms of foreign competitors.
https://ca.news.yahoo.com/tech-layoffs-hitting-companies-doing-141523174.html
5. To thwart work-from-home or unionization drives
https://hbr.org/2022/12/what-companies-still-get-wrong-about-layoffs