He's the CEO,he's there at the wishes of the board who in turn are accountable to shareholders. The metrics he's judged by unfortunately are not long term but r

He's the CEO,he's there at the wishes of the board who in turn are accountable to shareholders. The metrics he's judged by unfortunately are not long term but rather quarterly reporting, as long as these numbers look good and the share price reflects it, they'll keep him there. This year we've obviously seen a decline from the frothy peaks and this mass layoff is likely the consequencenof that. It's a common occurrence in that share price growth is conflated with CEO performance when in fact the general market is responsible for it.