Comment Re:How do companies wind up with so many employees (Score 2) 45
Or it's a new take on the "RTO Mandate" approach to headcount reduction leveraging a kind of reverse Dunning-Kruger.
Right now, everyone at Opendoor is thinking of their colleagues and wondering if they are in the 15% that won't get the cut. For a team of 20, that means you've got to either truly believe that you're in the top three of that group, are blissfully naive, or will be polishing your CV and getting it out to agencies this weekend, and since company morale just went to shit, there's a pretty good chance that a chunk of those who *are* confident they'll make the cut will be doing the same, because once everyone else is gone they're going to have a lot more work to do. Good luck running the company on the blissfully naive remants.
Yes, there's probably a LOT of deadwood at Opendoor but, like RTO Mandates, this isn't the best way to get rid of it, and will have the same result as RTO; a lot of the best and brightest will be deciding the door they really want is the exit door.
Right now, everyone at Opendoor is thinking of their colleagues and wondering if they are in the 15% that won't get the cut. For a team of 20, that means you've got to either truly believe that you're in the top three of that group, are blissfully naive, or will be polishing your CV and getting it out to agencies this weekend, and since company morale just went to shit, there's a pretty good chance that a chunk of those who *are* confident they'll make the cut will be doing the same, because once everyone else is gone they're going to have a lot more work to do. Good luck running the company on the blissfully naive remants.
Yes, there's probably a LOT of deadwood at Opendoor but, like RTO Mandates, this isn't the best way to get rid of it, and will have the same result as RTO; a lot of the best and brightest will be deciding the door they really want is the exit door.