https://mstdn.io/@natematias@social.coop/109724013042485578

Layoffs are yet another area where companies refuse to follow the science. Here’s what the science says.

Layoffs:
– don’t save money
– don’t improve company performance
– don’t increase stock pricess
– destroy trust
– have huge impacts on health, well-being, and income of employees

So why do layoffs? It’s a network effect: execs lay people off because other companies are doing it

Stanford Biz School article: https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/

Harvard Biz Review:
https://hbr.org/2022/12/what-companies