They don't necessarily have to be low performers for this to basically work. I think the purpose is much more around reasserting owner power vs workers, with a small amount of it being it's socially acceptable to jump into the firing people trend right now.
There really is just no other reason I find convincing for why such a huge number of CEOs apparently all sat down and independently arrived at the conclusion they needed to fire precisely 5-8% of their staff.
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They don't necessarily have to be low performers for this to basically work. I think the purpose is much more around reasserting owner power vs workers, with a small amount of it being it's socially acceptable to jump into the firing people trend right now.
There really is just no other reason I find convincing for why such a huge number of CEOs apparently all sat down and independently arrived at the conclusion they needed to fire precisely 5-8% of their staff.