A friend of mine wrote about this post: "Oh my, spot on. You need to read up on the poor strategy of the hospitality industry during Covid. Everyone got laid off and then none of the experienced folks wanted to come back to work in the industry. The hospitality sector is still feeling the pain of poor strategic decision making."
I'm not sure the hospitality sector wanted to get rid of their "A" players, but that was the effect.
Another great article and relevant to the discussion of job related layoffs due to AI. Also, I don't know if you saw this (https://www.washingtonpost.com/business/2024/05/12/rto-microsoft-apple-spacex/) but what happened with the back to work effort is that the top talent left. Turns out it was a great way to get rid of your "A" players in the organization. I think the same is probably true with layoffs--the good people will get jobs elsewhere and stay there, the others will be willing to come back 12 months later.
A friend of mine wrote about this post: "Oh my, spot on. You need to read up on the poor strategy of the hospitality industry during Covid. Everyone got laid off and then none of the experienced folks wanted to come back to work in the industry. The hospitality sector is still feeling the pain of poor strategic decision making."
I'm not sure the hospitality sector wanted to get rid of their "A" players, but that was the effect.
Thanks for the comment.
Some really great questions here, John. Particularly: "do managers make rational layoff decisions?" Hope your week is going well.
Another great article and relevant to the discussion of job related layoffs due to AI. Also, I don't know if you saw this (https://www.washingtonpost.com/business/2024/05/12/rto-microsoft-apple-spacex/) but what happened with the back to work effort is that the top talent left. Turns out it was a great way to get rid of your "A" players in the organization. I think the same is probably true with layoffs--the good people will get jobs elsewhere and stay there, the others will be willing to come back 12 months later.