alt Hacker News>we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving.
In my country, this action would be literally illegal.
Even in countries where it isn’t, it feels highly immoral. “I’m not in any kind of pressure to do this but I’m choosing to shed the people who created my wealth for greater personal gain”.
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This is part of the reason why American tech companies are so successful though. Being unable to lay off workers causes stagnation at companies where fast-development is paramount.
Can you point to the laws in your country that would make this illegal? I’m skeptical
This is America. Like it or not.
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What government makes it illegal for management to manage their company?
Your country also pays less and has fewer jobs.
Increasing the cost to fire, increases the cost to hire.