I HATE companies that fire people on the first bad quarter. People are relying on this salary to live.
Literally have some basic fiscal responsibility and don't hire to the point where one bad quarter means you have to fire a tenth of your workforce. The fuck.
I feel much worse for the casual employees who can have their hours reduced to unlivable amounts silently with no press release.
Layoffs have an impact on far more than just the company. They have an impact on the state, they have an impact on the side service oriented businesses created because of that company, and they have a direct impact on the lives of the workers and their dependents.
It shouldn't be "free" for a company to have a ripple effect of this magnitude. Regulations like this would force companies to grow in a sustainable fashion, since having a "break" like this would be extremely expensive to the execs and major shareholders of the company.
FWIW I have barely thought this out and this might sound ridiculous.
Anyway it had way too many people and itwas grossly inefficient. It should probably cut staff 50% or more imo.