Monday, October 27, 2008

Meltdowns: The layoff lie

"To paraphrase Tolstoy: Successful startups are all alike. But every unsuccessful startup is unsuccessful in its own way.

And so with all the startups whose managers have jumped on the firebus. If they had run their businesses efficiently, they wouldn't have needed to fire anyone. They are laying people off now not because of an economic imperative, but because they have a convenient excuse to cover their mistakes."

It used to be much easier for a company to fire (or to be kind in some other way to dismiss) workers who were not top performers.

While being let go in times like this is no indication you are a slacker, you can bet companies are packing the lay-of lists with as many of those as they can manage.

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