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+ 2 more quotes (click to expand)

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BoydCrowder13 said:

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Doesn't Exxon cut 5-10% of their workforce annually?

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aggiejayrod said:

Comes from the Jack Welsh management training from his GE days. Rack and stack all employees. Cut the worst 10%, promote the top 10%. Especially ineffective when you actually have an entire team of high performers but needs to cut a few because upper management says they can't possibly all be high performers.

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Ag with kids said:

I've been through that a few times.

Mandated that EVERY department had to cut 10%.

So some areas with nothing but high performers lost a few high performers and some areas that were NOTHING but LOW performers also only lost a few.

Dumbest thing I ever saw.

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Logos Stick said:

Now do seniority based mandates. Way back, I watched one of my best friends, MS in Industrial Engineering, get canned because he was the newest in that particular group. He was outstanding. They kept a goofball low performer who had more time on the job who ended up quitting a few months later. Ridiculous.

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GeorgiAg said:

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Laying off 10% of your workforce for "growth?"

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C@LAg said:

yes.

eliminating unneeded groups due to redundancies, changes in product mix, to reflect cancelled projects, to focus on new strategies, etc.

tech companies do this all the time./

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pacecar02 said:

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Cisco does this, or they did

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AggieVictor10 said:

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Kind of expect other tech CEOs to follow suit.

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