• Thorry84@feddit.nl
    link
    fedilink
    arrow-up
    32
    ·
    12 days ago

    This is usually done to keep things going as normal as possible for as long as possible. Once people start noticing something is wrong, the best people start looking elsewhere. Before you know it, not only is the company in financial trouble, but it can’t recover because some of the best people left. At least one time I witnessed, the company was working on layoff plans and even limited bankruptcy, but at the same time negotiating with the investment firm that owned part of the company to get more money. If they got the money, everything would be fine. It wasn’t till that fell through, they had to start laying people off.

      • Robust Mirror@aussie.zone
        link
        fedilink
        arrow-up
        3
        ·
        12 days ago

        Right but you’re trying to avoid them leaving before that in case you get a win and don’t need to make the lay-offs. If they leave earlier the win you’re hoping for may no longer be enough to save you.

    • qevlarr@lemmy.world
      link
      fedilink
      arrow-up
      6
      ·
      12 days ago

      Exactly. Companies are typically working on multiple conflicting scenarios because you don’t know which it’s going to be