Donald Stanfield
Well-Known Member
Lots of companies are guilty of this, we did it too. Granted we didn't lay anyone off, but we didn't replace a few positions that we had hired for when those people quit as things are tighter economically. You hire extra people when times are good and when times are tighter you try to figure out how to get the same work accomplished with less money.WTF do half of these positions actually mean or do?? I reckon post-IPO when they were flush with cash and the world was good they hired anybody and everybody. This cut just looks like someone adding a bit of much needed efficiency. Like a lot of tech companies, carrying way too much fat.
If there was actual fat there then the cuts are a good thing, you keep up the quality of the work product while spending less money. Tech companies like Rivian are all newer and they haven't had the time yet to figure out which positions are essential, which are nice to have, and which ones waste money. Like you, I consider this a good thing and probably overdue.
Sponsored