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WotC - why are we still shocked with layoffs?
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<blockquote data-quote="Malmuria" data-source="post: 9224046" data-attributes="member: 7030755"><p>I think this situation is more complex. As I linked to above, the layoffs seem to stem from mismanagement of some of Hasbro's portfolio, specifically eOne. Hasbro's divisions, specifically MTG, have been making profits, but because of this mismanagement the layoffs were necessary as a strategy to appease investors in the short term. So I think saying "corporations need to make profits" sounds intuitive but doesn't speak to the complexity of the dynamics within these corporations, with executives who are looking to avoid blame in the short term, investors who are looking to turn a profit in the short term, and employees who are trying to build a stable career in the medium-to-long term. </p><p></p><p>In other words, putting aside the ethical implications of these layoffs, which are real, corporations can be better or more poorly managed, and it seems like Hasbro executives have made some really poor decisions over these past 18 months or so.</p></blockquote><p></p>
[QUOTE="Malmuria, post: 9224046, member: 7030755"] I think this situation is more complex. As I linked to above, the layoffs seem to stem from mismanagement of some of Hasbro's portfolio, specifically eOne. Hasbro's divisions, specifically MTG, have been making profits, but because of this mismanagement the layoffs were necessary as a strategy to appease investors in the short term. So I think saying "corporations need to make profits" sounds intuitive but doesn't speak to the complexity of the dynamics within these corporations, with executives who are looking to avoid blame in the short term, investors who are looking to turn a profit in the short term, and employees who are trying to build a stable career in the medium-to-long term. In other words, putting aside the ethical implications of these layoffs, which are real, corporations can be better or more poorly managed, and it seems like Hasbro executives have made some really poor decisions over these past 18 months or so. [/QUOTE]
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