Layoffs are superior if done correctly.
They retain true talent at market comp rates. They cut the no-value dead weight.
This uniform pay cut incentivizes the dead weight to stay and the true talent to leave.
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OMG stop the whining... the company has an incentive to keep the best talent so they can generate the best results...
Do they always get it 100% right? He-l no. But to insist that the system is somehow inherently rigged is delusional and usually is spouted by a grade 6 or below.
The layoffs have never been done objectively. There has always been bias because of age and other non work related factors. (Intel has been sued after every layoff). The paycuts are more fair.
A lot of layoffs in the tech industry have tended to be whole departments or groups in my experience. Haven't seen anything that remotely looks like dead weight being cut. One exception was In a small department at Motorola I had worked with. There were 12 engineers in all developing DOCSIS compliant upconverters and were required to layoff at least one person a year (10% or so was the annual cut). Unfortunately that meant the digital baseband engineer was the annual sacrifice because the manager could do the job as a backup if they couldn't rehire the poor fellow the next hiring season. If any one of those 12 engineers could not do their job the products would have been in trouble long before any layoffs were made.
OP, bet my sweet dollar if layoffs would have happened you would be out on the streets because you're too d-mb to be employable by anyone else. Be thankful to ELT you ungrateful dummy
@ Op you sound like CEO material... stick around, there may be an opening soon.
Deciding who "no-value dead weight" are is totally beyond the expertise of the management.
And they would never dare to touch the DEI hires.