[FinanceAnon]

What I don't get about these lay-offs, is that these companies usually start hiring again soon after

[rr888]

Often these 10% layoffs are an excuse to get rid of people that are overpaid, aren't performing or dont fit very well in the organization. Some companies do it every year.

[cpach]

Indeed. For some companies it’s par for the course.

[axg11]

What don’t you understand about that? People leave all the time, before and after layoff events. You need to replace those key roles.

Layoffs are not always about reducing the size of the workforce, but can also be to remove the low performers.

[anthomtb]

The layoffs I experienced were explicitly about reducing size and cost of the workforce. Individual performance was a limited factor at best. This was the case at two different Fortune 500 companies.

The only thing saving many high performers was better understanding of the company direction. Meaning a lot of the good folks figured out the “safe” teams/organizations and transitioned shortly before the lay off occurred.

[AlwaysRock]

They are almost certainly still hiring. It's correcting in some areas where they have enough fokls already.

[chadash]

Yeah, but probably with lower total comp.