If a company like LinkedIn is doing a lay-off, that’s different from business as usual. They’re supposed to be growing. When they grow they fire people along the way. But a lay-off means they have run out of work or can’t employ people profitably. This can mean:
1. LinkedIn has its own special problems. (Maybe I’ll sell and follow another company or sector).
2. The economy is in recession. (Should have gotten into bonds 3 months ago, oh well).
Companies often try to paint structural problems as competitive adjustments, but we know they rarely do real layoffs during flush times.
Other companies just do layoffs less obviously. For instance, PayPal has been laying people off in the Bay Area even though they are doing really well to shift those jobs to Austin or Omaha or Chandler. They just don't do it all at once and often give people anywhere from several weeks or months to start looking for a job before their actual termination date, depending on how long they've been with the company and pay grade. Companies are super sneaky.
> They just don't do it all at once and often give people anywhere from several weeks or months to start looking for a job before their actual termination date, depending on how long they've been with the company and pay grade.
Sneaky? This is the nice and humane way. Instead of firing a bunch of people that might directly have to compete for new jobs.
1. LinkedIn has its own special problems. (Maybe I’ll sell and follow another company or sector).
2. The economy is in recession. (Should have gotten into bonds 3 months ago, oh well).
Companies often try to paint structural problems as competitive adjustments, but we know they rarely do real layoffs during flush times.