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I’ve seen this posted a lot, and I’m not really sure I understand what the point is. Yes, Zuck has an unusual amount of power as CEO. In another company, the CE
by qeternity 4y ago
I’ve seen this posted a lot, and I’m not really sure I understand what the point is. Yes, Zuck has an unusual amount of power as CEO. In another company, the CEO might be fired and the new CEO would come in and do the mass layoffs and course correction. But the only difference is in that one person’s job security. It makes no difference to the rank and file: the company over hired and there’s only one remedy for that, irrespective of CEO accountability.
When you say the CEO should take responsibility for it all, what exactly do you mean?
- paganel 4y ago> When you say the CEO should take responsibility for it all, what exactly do you mean? Either stepping aside or killing the VR thing, which is haemorrhaging money and which is very negatively affecting the share price. The article itself has a quote by some Meta investors asking just that, i.e. for the VR project to be killed.
- qeternity 4y agoYeah fair and I think most other companies this would happen. But the layoffs would still happen in all scenarios.
- colinmhayes 4y agoWhy would he step aside or kill his dream? He has unlimited money and can't be fired. He's completely unaccountable to anyone. You think he cares about the investors? My understanding is that facebook added some refershers when their stock plummeted, expect them to do so again after the layoffs.