Comment Re:Cut your way to profit! (Score 1) 17
Has cutting your way to profitability ever worked in the long term for literally anyone?
Yes, this works for private equity and those that want a quick artificial way to pump up stock prices or valuation in the short term.
Was Intel so mismanaged that they can cut 20% of their workforce without brain-drain or operational issues? I'm guessing the answer is "no" and the MBA types are just doing their usual short-term bullshit to vest their golden parachutes before getting shitcanned themselves.
All companies have deadweight to some extent. The big challenge is identifying that deadweight. Somehow, new management always has the hubris to believe that they have the ability to identify the deadweight. The one big ace in the pocket of these managers is that it's impossible to determine in the short term the accuracy of that identification. So, no one can tell them that they're wrong until long after they've been let go.