crsv
a minute ago
The article says it's around 7% of their workforce. It seems that it could be realistic that this is a performance-based cut?
CEO Just Fired 500 People Because He Says Zillow Is More Efficient Without Them
10 pointsposted 37 minutes ago
by warp5 Comments
sandeepkd
20 minutes ago
From sources, its not surprising cause lot of people within the company knew about it already:
1. Managers were asked to provide mid year rating for their reports, this is not something that happens otherwise
2. Managers were asked to mark the reports which are not regrettable attrition
3. The biggest downside of all this is that it makes people to invest a lot more efforts on being in managers good list instead of focusing on doing a good job
limagnolia
3 minutes ago
There a lots of downsides to layoffs, and I don't think your #3 is the biggest at all. The morale hit across the company is huge. Furthermore, it will have negative effects on recruiting and retention well into the future.
Layoffs are an incredibly bad idea for most companies. There are almost always better alternatives.
beanjuiceII
34 minutes ago
TL;DR : if they are they are, if they aren't they will find out
vkou
a minute ago
What would 'find out' look like?
Companies don't function in a vacuum, pulling the consequences any particular good or bad executive decision from the background noise is an exercise in divination by chicken entrails.