I agree with you, however, layoffs and performance management are different things though.
If an employee is not being productive, that is a performance management issue and a good company will start by trying to fix it and if that doesn’t work will replace them. A bad company will retain bad performing people.
Layoffs are when you don’t have the work for them or you can’t afford something so are restructuring or similar. A good company will make layoffs and restructure if the economics require it. A bad company will keep going without doing that, ignoring their finances.
If an employee is not being productive, that is a performance management issue and a good company will start by trying to fix it and if that doesn’t work will replace them. A bad company will retain bad performing people.
Layoffs are when you don’t have the work for them or you can’t afford something so are restructuring or similar. A good company will make layoffs and restructure if the economics require it. A bad company will keep going without doing that, ignoring their finances.