This is insane. Paying people to recruit for fake jobs instead of paying their current employees more…
Paying people more is a recurring cost, and the ultimate goal of a company is to keep increasing profits. If they can spend $10k once to scare their employees into being more productive, it has a better return on investment.
It’s been proven time and time again that treating your employees correctly and paying them what they’re worth is far more productive. It’s just sociopathy.
Cutting 10% of the workforce is profit right in the pocket of the shareholders, as long as the company can somewhat continue to go on.
They don’t give a fuck about productivity, but they will dangle that over your head for whatever reason they deem advantageous.
You want a raise? Bummer, productivity is lower than expected, so we have no budget for that.