I interpret the term as "I have to have a lot of inconvenient conversations with the board and large shareholders about this". > The reason for those mass-layo

I interpret the term as "I have to have a lot of inconvenient conversations with the board and large shareholders about this". > The reason for those mass-layoffs are not "mistakes" by founders, and they're happening at the same time for a specific reason: to put employees collectively at a disadvantage in terms of salary and negotiations. See, I think they're all happening at the same time because these companies are publicly traded, so executives are primarily concerned about shoring up the stock price ahead of an expected recession.