Pretty common for most big mature companies to do at one point or another as their section of the economy swings up and down. This is probably only new for new big teh companies they have only experienced growth. Cisco has done plenty, and the defense industry does it a lot as contracts wind down.
Way less of a morale hit than layoffs, but it suffers a similar problem to all RIF methods where your high performers say "hmm conditions are that bad you're getting rid of people huh? I guess maybe I will take 6 months my annual salary and go get another job."
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Pretty common for most big mature companies to do at one point or another as their section of the economy swings up and down. This is probably only new for new big teh companies they have only experienced growth. Cisco has done plenty, and the defense industry does it a lot as contracts wind down.
Way less of a morale hit than layoffs, but it suffers a similar problem to all RIF methods where your high performers say "hmm conditions are that bad you're getting rid of people huh? I guess maybe I will take 6 months my annual salary and go get another job."