Employees create your sales. If there’s redundancy in job tasks then firing people can increase profits, but massive layoffs is mainly just reducing output capabilities. Few people to do work = few profits
Every person you fire without leaving a replacement is a loss of information and institutional knowledge. Like lobotomizing a person. Layoffs kill a company’s ability to perform. Tesla won’t exist as it is know in 2 years. Unlike software, that can continue to exist in a zombie way with whatever was left written run by a skeleton crew. Production companies instead tend to implode.
Employees create your sales. If there’s redundancy in job tasks then firing people can increase profits, but massive layoffs is mainly just reducing output capabilities. Few people to do work = few profits
Every person you fire without leaving a replacement is a loss of information and institutional knowledge. Like lobotomizing a person. Layoffs kill a company’s ability to perform. Tesla won’t exist as it is know in 2 years. Unlike software, that can continue to exist in a zombie way with whatever was left written run by a skeleton crew. Production companies instead tend to implode.