this post was submitted on 07 Sep 2023
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50% is a huge number. If the 50% represent some mid and higher up folks, it could really cripple a company. The worst thing they could do is give in. If the workers stand strong, no company is going to survive with half their staff getting laid off because of this.
My last company has about 45 employees. 5 of the highest skilled employees left after Covid and it absolutely knocked us on our ass.
Make no mistake, even losing a few key people can end a company.
Didn't have Key Man Insurance, I guess.
The Dead Sea Effect eats again.
TIL this is a thing.
I've yet to see a company that couldn't lose 50% or more of its mid-to-higher level management without serious consequence. Start with people who are somehow related to current or former company members, and it's a really great start.
Now, a company losing more than 10% of its grunts who make the things the company sells, that'll kill it.
Good. Die in flames. Make room for something more progressive