They take huge personal, family and financial risks to move for a job. When you are getting rid en-masse people, you are ruining local communities. There is a real societal cost.
It also sucks for businesses, because hiring & onboarding is so freaking hard and expensive. Not to mention that once the company has established a reputation of a revolving door, then nobody gives a shit about it. They will exploit it for the short term and let it die.
Layoffs should the absolute last resort for a company due to the disruption they cause. If the market dynamics do not naturally lead to this, then regulation should shape the field.
They take huge personal, family and financial risks to move for a job. When you are getting rid en-masse people, you are ruining local communities. There is a real societal cost.
It also sucks for businesses, because hiring & onboarding is so freaking hard and expensive. Not to mention that once the company has established a reputation of a revolving door, then nobody gives a shit about it. They will exploit it for the short term and let it die.
Layoffs should the absolute last resort for a company due to the disruption they cause. If the market dynamics do not naturally lead to this, then regulation should shape the field.