3 ms·

Same. It sells papers right now to paint CEOs as these omniscient villains who's only goal is the crush their workers, but I just don't buy it. There are plenty

Same. It sells papers right now to paint CEOs as these omniscient villains who's only goal is the crush their workers, but I just don't buy it. There are plenty of CEOs like Satya Nadella who seem like pretty decent people. I'm sure some companies see this as a way to drive down worker leverage, but I think a lot are just reacting to the market change and realizing they have more employees than they need in areas that they don't feel will be profitable in the future. I also think there's a bit of follow the leader going on, where, now that layoffs have started, no one wants to be left at a disadvantage. If you do layoffs that you may not actually need, at least you're staying on par with your competition. If you don't do layoffs and the market gets worse, you risk falling behind.

olivermarks 4y ago
Ironically the 4700 people at the NYT aren't the happiest bunch right now either. The bigger the company the weirder relationships with employees, 'associates' and consultants gets. In large orgs noisy, brown nosing people often do very well regardless of talent. In our era this seems to be a card to play against the firing squad selection algos. People who forcefully push for inclusion of trendy ideas and movements (DEI, Climate anxiety etc) into the core of the firm can be perceived as not in the best interests of the giant money making machine, which like a shark has to keep swimming forward to survive... and bean counter pseudo innovators like Satya Nadella quietly wield the mallet.. https://www.nytimes.com/2022/12/07/business/media/new-york-times-union-walkout.html https://www.nytimes.com/2022/12/07/business/media/new-york-t...