alt Hacker News> Instead, they should focus on using AI to drive revenue.
There is a complete disconnect between wages of employees and company's revenue => Why aren't employees working towards revenue? What a mystery. Children, let's help Elmo solve this mystery.
And then random mass layoffs to make numbers for shareholders look great in quarterly reports. Surely this motivates people work to their fullest potential and to care for company's revenue.
Replies
roxolotl • today at 12:00 PM
Even better there’s a complete disconnect between revenues and metrics we use to measure productivity. Corporate wants to believe there’s numbers you can use to measure knowledge workers like widget makers where there’s really not much that’s effective beyond revenue.
I found this claim interesting so I looked into it. Everything I can find shows that the intuition is accurate.
Companies with EOSP programs outperform those that do not in the market by about 17%.[0] Companies that perform layoffs, despite short-term stock boosts, underperform on a period of years showing a 14% decline in their Return on Assets (ROA) in the years following the layoffs.[1]
[0] https://www.nceo.org/employee-ownership-blog/new-study-shows... [1] https://www.researchgate.net/publication/277473996_Financial...