Damn, it just doesn’t stop.
When it comes to layoffs, the best time for any company to do them is when everyone else is so you blend in and can blame it on an industry wave.
During the global crisis in 2008, my bro who was head of finance overseas laughed when he saw all the companies laying off people. Even in his own industry. Companies were doing fine. But if a company does a big lay off and is the only one doing it, all eyeballs are on it. When you announce a lay off to cut costs with everyone else, you blend in and people forget about it. So when some companies truly needed to, that makes sense. But then everyone joined in. My company I worked at did some layoffs too, cut travel that year and our annual off site pow wow meeting got gimped to be at a local hotel. Our sales and profit were solid. But we joined in too.
Layoffs are one part cost cutting (survival), one part simply improving the bottom line (make a great thing greater), and one part PR strategy when to it so you get as few people writing about it.
The last thing any company doing layoffs wants is being the guy who is the only one doing it all month.
