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Cisco announces record revenue and 4,000 layoffs in the same day (arstechnica.com)
submitted 5 months ago by to c/technology@lemmy.world
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[–] 4 points 5 months ago (7 children)

What countries? This is capitalism baby, only way to stop it is to have a union strong enough to fuck Up that record profit if the CEO even jokes a out layoffs.

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  • [–] 24 points 5 months ago* (5 children)

    Japan. Layoffs are extremely difficult to pull off there. You have to show poor performance by the individual involved, and the standards for that are very rigorous. The government knows that unemployed people immediately become their problem, so they just demand that if a corporation wants to employ someone, they have to be willing to enter into that in an open ended arrangement. So unions aren’t the only way.

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  • [–] 2 points 5 months ago* (1 child)

    I'm curious how it's considered a "layoff" if it's based on performance rather than the job itself being eliminated.

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  • [–] 1 point 5 months ago*

    It’s not.

    What I meant was you can dismiss people for poor performance, but that’s the only valid reason. You cannot lay people off in Japan in the sense of “we cut the budget and decided we don’t want to employ you anymore.”

    However, that said… if you want to lay someone off, you can jump through a million hoops. I have seen people relegated to ridiculously inappropriate roles to convince them to leave. You can also mess with non-salary compensation if you want. And you can offer generous severance. And maybe you can convince people to let you “lay them off.”

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