“#Layoffs are definitely a confession of poor #management," Jeffrey Pfeffer, a professor of organizational behavior at Stanford Business School, told me. His reasoning: Research shows that generally, layoffs don't improve a company's fortunes. Quite the opposite: They don't reliably raise a company's profits or stock price, but they do reliably reduce remaining employees' morale, commitment, productivity, and trust.

https://www.magzter.com/stories/Business/Fortune-US/Are-Layoffs-a-Confession-of-Bad-Management

Are Layoffs a Confession of Bad Management?

Tech CEOs who are blaming their layoffs on the staffing up they did during the boom years of the pandemic should ask themselves some tough questions.

^{Fortune US (Magzter)}