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From a business perspective it would be a bad idea. If you have three revenue streams (Advertising, Enterprise communication product, hiring product/marketplace
by maltelandwehr 6y ago
From a business perspective it would be a bad idea. If you have three revenue streams (Advertising, Enterprise communication product, hiring product/marketplace), of which two are doing very well and one is not doing well (hiring) you need to continue investing in what is working and stop burning money on what is not working. Otherwise you will lose your competitive edge in the areas that are working well.
In the end, the responsibility of the CEO is not to give every employee the best life possible but to ensure the long-term success and survival of the company. If this is ensured, it also means job security for everyone not laid off!
- teddyuk 6y agoThis is a one off shock, they don’t need to do this
- nathanaldensr 6y agoOne of, if not the, largest shocks in history. Already bigger than 2008. This time in history isn't a minor outlier.