Corporate bulimia 

Corporate bulimia is when companies grow uncontrollably then inevitably layoff people when they miss their growth forecasts. They "binge" via aggressive hiring, acquisitions and mergers, only to then "purge" via planned and unplanned mass layoffs. Results in a perpetually demoralized, depressed and anxious staff of survivors who then repeat the process until eventually the company goes bankrupt or is sold for parts. Rarely a company actually survives this cycle, thereafter attempting to appear healthy to outsiders while employees continue to suffer in silence. The term is an analogy comparing the neurotic growth of companies to the devastating illness bulimia nervosa, an eating disorder. All-too-often found in vainglorious Silicon Valley growth-focused companies.

"Another ten thousand wage slave layoffs were announced today in the latest rounds of corporate bulimia."

Corporate bulimia by GarethBeaumains August 15, 2023