I was given a 33% raise, moved to a salaried position, and got a $5000 cash bonus 10 minutes later.
I had mastered the new system we were implementing and converted and supported the remainder of the customers from the legacy system. Shitty support of the product my team of now one actually drove revenue as the customers would pay higher support prices because of the shitty support I offered.
The service I offered was shitty because my job was to meet minimal contractual obligations for multi-decade contracts to persuade the customers to renegotiate the contracts for a product that hadn't been EOL'd. All the while offering onsite conversion services from the legacy product for most of my day job.
What I'm saying is that company is still alive today, they had a pivot point and literally cut 55% of their employees on a single day.
Google wants to beat facebook still, there is one of a billionity pivot points that twitter could take.
It also seems like a lot of the layoffs were achieved by offering everyone the severence of they left.
Assuming only people on visad stayed, I wonder if that skews more or less competent.
The short amount of time they took and methods they reportedly used don't instill much confidence.
This is more true when the layoffs happen because the company’s situation deteriorates. If the company cuts jobs because revenues fall and products fail, better employees are indeed more likely to move to greener pastures before mediocre ones do. If, however, the company prospects improve, rather than worsen, this is no longer the case.
There also isn't a measure of employee quality, and layoffs are often not about the individual (e.g. Amazon cutting robotics). I've had no clue how likely I was to be laid off during most points in my career.