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Of course he faces consequences for getting that wrong. He's losing the services of 12k (soon to be former) employees and the costs it takes to separate them. T
by argiopetech 4y ago
Of course he faces consequences for getting that wrong. He's losing the services of 12k (soon to be former) employees and the costs it takes to separate them. Those employees are now job searchers, but they were able to take advantage of months or years of Google's infamously adequate pay and benefits. They shouldn't have any trouble finding jobs with Google on their resume.
I get the impression from your writing (and others in this thread) that you feel Google owes something to it's employees other than adequate compensation and a mutually acceptable working environment. That's not how (US) companies work. The CEO has obligations to the board of directors (to run the company in a way they approve) and to the shareholders (to be profitable). No obligation exists to employ as many people for as long as possible, particularly when to do so would impact the aforementioned actual obligations of CEOs. This is why layoffs happen.
When labor is cheap and business is booming, you hire. When labor expenses increase or business declines, you fire. Sometimes that means layoffs to hit quarterly goals. Sometimes that means your five year strategy has a pandemic and economic downturn happen in year three and you have to downscale. The CEO has to take responsibility for that, as he does for everything the company does, but any apology relating is simply a socially graceful admission he lacks omniscience.