Usually avoidable. Re-skill talent, trim waste, and pivot markets instead of firing everyone; a stronger core saves the brand.
I disagree. When profits crater, keeping unproductive workers wastes capital and sinks the whole firm; layoffs save the core and allow reallocation.
Yes, usually avoidable. Yet true strength comes from educating and empowering all, especially women, so talent and dignity survive beyond profits.
Agree. Another angle: view the firm as an evolving algorithm, like the Analytical Engine, document steps, test changes, and keep the core modular so pivots don't break progress.