Larian publishing director on mass layoffs: 'None of these companies are at risk of going bankrupt. They were just at risk of pissing off the shareholders'
Larian publishing director on mass layoffs: 'None of these companies are at risk of going bankrupt. They were just at risk of pissing off the shareholders'
"We should be humbled by this period. It doesn't feel like we're humbled by this period as an industry."
You're viewing a single thread.
Apropos of nothing, there is research[1] showing that worker-owned coops are less likely to go bust than conventionally-managed firms, and that greater employment stability is likely one reason for their greater resilience. IE they're not as likely to use layoffs when times get tough and therefore don't pay as many of the costs associated with higher turnover and lower retention. Stronger, more invested teams = more resilient company. Or something like that.
MBAs only care about the next fiscal quarter
Literally the worst decision makers. I'd trust chatgpt trained on fantasy novels (with no MBA's in them to poison the data set), a literal child, a schizophrenic monk from the 13th century who (because of the 13th century thing not the rest) cannot stop screaming, or a 12 sided dice on a table of the dumbest things youve ever done in an RPG, before I'd trust an MBA to make good decisions.
I'd trust harry dubois/tequila sunset, or the characters in IASIP to make better healthier more prosocial decisions than anyone who's ever been to business school.
Like, my confidence in someone drops straight through the earths crust when I hear 'business school'.
And I bet any nepotism at least comes with competence, unlike many stories I see about private businesses where "friend/relative of the boss" can mean a blank check for incompetence and corruption. Personal relationships don't translate to good leadership.
Oh and there's probably less of an emphasis on hiring business majors since the workers on the floor tend to have a better idea of how damaging decisions that seem to make more money on paper can be.
Oh and there's probably less of an emphasis on hiring business majors since the workers on the floor tend to have a better idea of how damaging decisions that seem to make more money on paper can be.
There’s also the idea that as employees rise through the ranks, they have a better understanding of how their old jobs are done. Let’s say you’re in a manufacturing job: Nothing is worse than being managed by a business degree who doesn’t even know how to turn on the equipment you use every day. Because that manager has no idea what is and isn’t possible to do with the machinery, what kinds of timeframes to expect from jobs, etc… So you’ll end up getting unrealistic expectations, based purely on numbers on paper.
There's also the concept of "build to sell" instead of "build to last." Longevity of a company is not a consideration when the
vultureventure capitalists see a bigger return in pawning off their investment instead of reaping dividends. Sadly, this outlook isn't always knowable by everyone in said company. In my experience, it's usually impossible to tell unless the company is already in the red or is about to be.Who would have thought?