Comment by morganf

Good point! I would theorize that it is much much less bad for employee morale, of the employees who aren’t fired, to think “the economy is terrible and the company is in a difficult position and everyone is doing layoffs” when their colleagues are fired as compared to the times are good version, “the company is growing and making more money and we’re doing awesomely - why did they fire my colleagues who I always thought did fine work”