Yet another series of layoffs has hit Google, this time at its video-sharing platform, YouTube. The company will eliminate 100 employees, a spokesperson
I guess we can at least agree, that even if a company doing lay offs isn’t necessarily going belly up, a company that is going belly up is probably doing some lay offs along the way.
However going beyond the point we agree over… what if a lay off sets in motion a series of chain reactions:
reduced investor/shareholder confidence -> possibly stock/company-value tanking -> -> leading to issues with the lowered valuation and their debt, worse credit rating(?)
destroyed worker moral -> the best workers are more likely to leave, workers who remain having to shoulder their burden
less team members have to shoulder much more work (usually for the same pay)
I am sure there are other factors and maybe some of those three above are not a factor at all…
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Why isn’t it possible?
The cost of servicing debt has exploded.
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I guess we can at least agree, that even if a company doing lay offs isn’t necessarily going belly up, a company that is going belly up is probably doing some lay offs along the way.
However going beyond the point we agree over… what if a lay off sets in motion a series of chain reactions:
I am sure there are other factors and maybe some of those three above are not a factor at all…
Here is an alternative Piped link(s):
Why isn’t it possible?
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source; check me out at GitHub.