Are corporate layoffs justified?
@thebigk
•
Oct 25, 2024
Oct 25, 2024
1.2K
Every few years or months, we see the news that recession in the global markets is leading to massive layoffs in the top companies across domains - IT, manufacturing, retail, tourism and so on. I thought of starting this debate to see what our fellow engineers think about layoffs. There are two sides to this debate:
1. Layoffs are justified: from the corporate point of view. The corporates need to show themselves profitable and one of the ways to be quickly profitable is to get rid of the overload; by terminating the employees and saving on the salary expenses.
2. Layoffs are not justified: from the employee point of view. The employees are dependent on the company to provide them with projects or work so that they can perform. But employees get the axe when the company itself underperforms or can't keep the profit margins high. Employees don't have (usually) a say in the management decisions and therefore firing them for the bad markets or mismanagement of the board is totally unjustified.
What's your standpoint?
1. Layoffs are justified: from the corporate point of view. The corporates need to show themselves profitable and one of the ways to be quickly profitable is to get rid of the overload; by terminating the employees and saving on the salary expenses.
2. Layoffs are not justified: from the employee point of view. The employees are dependent on the company to provide them with projects or work so that they can perform. But employees get the axe when the company itself underperforms or can't keep the profit margins high. Employees don't have (usually) a say in the management decisions and therefore firing them for the bad markets or mismanagement of the board is totally unjustified.
What's your standpoint?
