On: Intel Cuts Employee Pay to Maintain Quarterly Divi...

[p1esk]

Layoffs is how to get rid of your worst workers, pay cut is how to get rid of you best.

[defrost → p1esk]

As pithy two edged maxims go, that is dull and chipped on both sides.

Recent layoffs have indiscriminately targeted talent and pay cuts deter those that are primarily driven by returns.

[sugarpile → defrost]

Not true from the anecdotes, and admittedly just anecdotes, that I've seen. Top performers get some token, Approved by Legal™, <2% cut to avoid it being classified as a low performer firing, with a larger but still proportional percent coming from middle performers, and the the vast majority of the layoff percent consisting of low performers.

[deathanatos → sugarpile]

Well, then I'll give you more anecdotes: I've been through, in one way or another, three layoffs in the last 7 years, and none of them were performance based.

[p1esk → defrost]

Agreed. In my defense, I was responding to a pretty dull comment.

[defrost → p1esk]

No worries, we've all been there :)

[taeric → p1esk]

Layoffs get rid of both ends, as well. Don't fool yourself here.

[davidw → taeric]

Yep. First place I worked, they did some layoffs. After that, some of the best people started trickling out.

[midoridensha → davidw]

Layoffs show the company isn't in a good place, so the best people start looking for better opportunities early, to avoid still being around when it gets even worse.