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Why ‘Copycat’ Layoffs Won’t Help Tech Companies

And won’t help their employees

Photo by Jornada Produtora on Unsplash
Melissa De Witte
Tue, 01/03/2023 - 12:02
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Over recent months, tech companies have been laying workers off by the thousands. It is estimated that in 2022 alone, more than 120,000 people have been dismissed from their job at some of the biggest players in tech—Meta, Amazon, Netflix, and soon Google—and smaller firms and startups as well. Announcements of cuts keep coming.

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What explains why so many companies are laying large numbers of their workforce off? The answer is simple: copycat behavior, according to Jeffrey Pfeffer, a professor of organizational behavior at the Stanford Graduate School of Business.

 …

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Comments

Submitted by Anonymous (not verified) on Thu, 01/05/2023 - 21:31

What's missed here is that

What's missed here is that the vast majority of companies actually don't care about people; for them, people are commodities, not human beings. It doesn't matter what the evidence says about the social cost, they are not concerned about that.

Since none of these losses are actually monetized in the current scheme of corporate profit and loss, the losses don't exist for them. I think it's much more a reflection of our lack of character and our desire for self-preservation (at the highest levels of management) than a simple ignorance of science.

As an employee myself, the best company to work for is one where people are actually truly valued. That's a diamond-in-the-rough company. I'll stay there for as long as I possibly can and give them everything I have. The other 99% of companies are just a tool for advancing my career in the direction I want to take it. 

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