I have been growing with insecurity and distrust for the company that I currently work for, because within 12 months of being at this company, I've sat through 3 waves of redundancies, totalling ~50 people.
I want to understand and be able to empathise with others out there that have experienced this, to know if this is normal, or if this is the result of bad management/leadership/spending money too quick, etc.
One of the redundancy rounds was as a result of COVID, which is no different to most other companies out there.
But the abnormal thing to me is that I've noticed there is a trend of waves of redundancies happening twice a year. I heard from coworkers that it's been going on like this for 4 years. That's probably 6-8 waves of redundancies. And after each round of redundancy, they hire a few experienced people to take their place.
Our company preaches values like "care", but when it comes to these redundancy rounds, it's like they don't learn better from treating employees from the previous rounds.
I guess it could be a variety of aspects, when accumulated, resulted in the need to make redundancies. It really lowers the morale of the rest of the people that are still in the company, because it gives us the feeling of "we're next, we're dispensable" – especially to the people who are still at the bottom rung of the company hierarchy.
Would love to gather your thoughts and experiences, if you are founders of large startups/scaleups that have had to go through this, I'd love to empathise with you and understand it from different perspectives, because a lot of what I currently see is the suffering of those that have been made redundant, and the suffering and insecurity of those who feel like they're the next to go.
submitted by /u/yoghurtlover307
Startups – Rapid Growth and Innovation is in Our Very Nature!