Great management know that their people are important. To lay off staff will be very bad for business once it recovers. Take a bit of pain at the top, shield the ones at the bottom for a while. The staff and the wider team will appreciate this by putting in 2x more effort when the recovery comes.
This way, they keep shareholders happy, keep staff happy, and they get to keep their key talent. Key talent and staff feel a sense of belonging and pride, and they stay on much longer. Talent and staff longevity is key for technology businesses now.
We’re not a manufacturing labour intensive facility. This company is built on technology stacks. It’s important to keep these key talent and not lose them when the going gets tough for 6 months.
WEB Price at posting:
$7.18 Sentiment: Buy Disclosure: Held
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