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this post was submitted on 29 Feb 2024
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Oh baby, they don't see it as losing talent, they want this people to resign so they don't have to use the word layoff.
When you layoff you have the option to lay off what you perceive as your least valuable talent. When you make the workplace less desirable you lose your best talent.
But the ones who stay are the ones most likely to tolerate your bullshit and obey without questioning. Which talent do you think management values the most?
Ultimately they value money. Losing good talent doesn't hurt short term in the short term you are selling the work of the people you just got rid of. It will become apparent when you start falling behind on projections or at worst when you make less money on your next round of games so watch TTWO in 3-5 years
Pssst, that's next quarter's problem. This quarter is up 12% profit because of less salaries. Line goes up.
/s
That's not really accurate. Layoffs tend to be at a senior leadership level, and I'd be shocked if they had an idea of IC performance. Most, if not all layoffs in tech at large companies have been team/org-based, and isn't a reflection of ability.