Also in banking. Even if you make simplifying assumptions that managers are rational and objective performance management is possible, this is still entirely true.
Large scale layoffs are executed via cascaded headcount targets that affect departments, not people. Usually this entirely disregards relative performance between groups/teams, and forces managers to make local decisions that might be globally poor.
Has this just not been a factor in big tech due to growth? I'm struggling to understand why recent threads like this generate so much commentary.
Large scale layoffs are executed via cascaded headcount targets that affect departments, not people. Usually this entirely disregards relative performance between groups/teams, and forces managers to make local decisions that might be globally poor.
Has this just not been a factor in big tech due to growth? I'm struggling to understand why recent threads like this generate so much commentary.