What causes so many large companies to lay off their employees, even when they have enough work for the employees? Why do companies want to have fewer people working for them? Can any expert provide their opinion?
For maintaining profits
To show investors that in the next year we have less people to feed, so our profits will be more. To sell this idea and get more funding and then hire more. Repeat.
Layoffs have increased in recent times. With so much technological advancement, companies don’t find the need to focus on employee numbers. There can be many reasons for layoffs. The common ones are:
If the company stakeholder decides to relocate the company to another part of the country, it can reduce its workforce.
Shutting down companies can be a vital reason for laying off employees.
Cutting down expenses is another important reason to reduce employees.
If the company chooses to close part of its operations, it may lay off employees.
I am really curious why there are so many layoffs in the IT industry. Wherever you see, big companies like CISCO are laying off so many employees. Experts on Grapevine, please explain what is going on.
Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of ...
Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that th...
Been hearing layoffs again and there are less hiring what's the actual reason for this and when this become normal
What are generally the metrics used during layoffs ?
Is it division by division or each employee is vetted for his performance and contributions ?
Do high salaried folks generally targeted even if they have good performance and history...
Story... Shah Jahan Chopped hands of tajmahal labours. He didn't judge as per performance or laziness. ...