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WotC Founder Peter Adkison On Hasbro's Layoffs
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<blockquote data-quote="Estlor" data-source="post: 9219398" data-attributes="member: 7261"><p>The thing about corporate layoffs is this - it's not about personal performance in any way. It is simply a function of having made a budget guess at the beginning of the year and the actual revenue of the year not meeting that forecast. In modern capitalism, you either make <em>more</em> money than you did last year or you have failed. Period. It's not about being profitable. It's about growing value. And when you can't do that organically through sales and licensing, you do it artificially through layoffs.</p><p></p><p>The reason it always hits around Christmas is you do the final forecasts at the end of November when you have the opportunity to make real, impactful changes before the fiscal calendar closes for the year. If your books close December 31st, you can't wait until December 26th to make adjustments. Honestly, if businesses are going to continue to do this - and they absolutely will - it would be better if they told people about the layoffs in mid-November so they can enter the Christmas season with actual expectations of their finances BEFORE they start buying presents and planning trips.</p><p></p><p>None of this is an attempt to be an apologist for the situation. Having gone through several rounds of layoffs at my company - three this year alone - I can say <strong>no one</strong> goes through them without being profoundly impacted. It hurts the people who lose their jobs. It shatters the morale of the people who don't. It is incredibly difficult for the managers who have to make and communicate the decisions. While the burden of this does not fall equally on each party, only a sociopath can go through the experience and feel nothing. I don't know Chris Cocks personally and have not read enough about him to know for sure, but I'll bet the odds and say he's neither a sociopath nor unfazed by this.</p><p></p><p>... Especially considering the friggin' price of Transformers and Marvel Legends is the real culprit here.</p></blockquote><p></p>
[QUOTE="Estlor, post: 9219398, member: 7261"] The thing about corporate layoffs is this - it's not about personal performance in any way. It is simply a function of having made a budget guess at the beginning of the year and the actual revenue of the year not meeting that forecast. In modern capitalism, you either make [I]more[/I] money than you did last year or you have failed. Period. It's not about being profitable. It's about growing value. And when you can't do that organically through sales and licensing, you do it artificially through layoffs. The reason it always hits around Christmas is you do the final forecasts at the end of November when you have the opportunity to make real, impactful changes before the fiscal calendar closes for the year. If your books close December 31st, you can't wait until December 26th to make adjustments. Honestly, if businesses are going to continue to do this - and they absolutely will - it would be better if they told people about the layoffs in mid-November so they can enter the Christmas season with actual expectations of their finances BEFORE they start buying presents and planning trips. None of this is an attempt to be an apologist for the situation. Having gone through several rounds of layoffs at my company - three this year alone - I can say [B]no one[/B] goes through them without being profoundly impacted. It hurts the people who lose their jobs. It shatters the morale of the people who don't. It is incredibly difficult for the managers who have to make and communicate the decisions. While the burden of this does not fall equally on each party, only a sociopath can go through the experience and feel nothing. I don't know Chris Cocks personally and have not read enough about him to know for sure, but I'll bet the odds and say he's neither a sociopath nor unfazed by this. ... Especially considering the friggin' price of Transformers and Marvel Legends is the real culprit here. [/QUOTE]
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