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What the NFL playoffs and tech layoffs have in common

wsj

6 min read . Updated: 26 Jan 2023, 07:22 PM IST Ben Cohen, The Wall Street Journal

The reason workers are losing their jobs is not the one that companies provide, said Jeffrey Pfeffer, a professor of organizational behavior at the Stanford Graduate School of Business. It’s not economic concerns. It’s a social contagion (Photo: iStock) — The reason workers are losing their jobs is not the one that companies provide, said Jeffrey Pfeffer, a professor of organizational behavior at the Stanford Graduate School of Business. It’s not economic concerns. It’s a social contagion (Photo: iStock)

They have never had so much data to guide their decisions. But teams and companies still get hiring and firing wrong because of psychological biases

To understand the forces behind the recent layoffs that have ravaged the tech industry, it helps to start with a curious decision by one Bay Area organization.

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