When you lay people off en-mass, that's a Management Error. I'm surprised nobody here has yet mentioned this fact yet.
Laying off (firing) individuals; or, if a change in strategic direction, laying off entire groups -- that's business.
But 'doing a Jack Welsh' -- that's Poor Management. I can only imagine that Bezos and Branson and ULA will be able to pick up some great employees.
And as for 'cutting the low performers' -- in my many years in industry, I've only seen this happen once. Every other person was 'let go' due to 'political' reasons.
My major point: This move signifies a colossal management fail. I'm looking at you, Elon.
Laying off (firing) individuals; or, if a change in strategic direction, laying off entire groups -- that's business.
But 'doing a Jack Welsh' -- that's Poor Management. I can only imagine that Bezos and Branson and ULA will be able to pick up some great employees.
And as for 'cutting the low performers' -- in my many years in industry, I've only seen this happen once. Every other person was 'let go' due to 'political' reasons.
My major point: This move signifies a colossal management fail. I'm looking at you, Elon.