The Labor of ESG
Sustainability Now
00:00
How to Cut Costs in a Boom Economy
Most tech companies that announced large layoffs this year went on hiring sprees from 2017 to 2022. Some of these tech companies grew so quickly over the last five years have now had to deal with what to do about that growth. Activist investors are pushing them to address the cost that they built up during these boom times and what do those activist investors see as the easiest way to cut costs? Laidoff Twitter is an easy example of what happens when you mismanage this but this is happening all over the world seems to have shifted toward layoffs as being the only way to cuts costs.
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