Why do these companies blow their load and lay people off at the slightest sign of trouble? Layoffs should be a last resort because of the pain that they cause.
Also if shareholders lose confidence they can oust the leadership.
it’s no skin off the company’s back, so it is the correct strategy. when CEOs (the world over) say they overhired AND that it was a mistake, it’s a pitiful political lie. also a mandatory strategy. you can’t say, “employees are cogs. we planned this shit. this was plan A.”. you wouldn’t be able to hire again when you find your stride.