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whats wrong with that? > In a letter to employees, Benioff blamed the layoffs on the company hiring too many people during the pandemic as "revenue accelerated
by saos 4y ago
whats wrong with that?
> In a letter to employees, Benioff blamed the layoffs on the company hiring too many people during the pandemic as "revenue accelerated," and took "responsibility" for hiring people leading into the current "economic downturn."
Or that companies have sussed out better competing products?
- TheRealDunkirk 4y ago"... took responsibility..." CEO's keep using that phrase. I don't think it means what they think it means.
- soco 4y agoHe punished himself with a digital detox in French Polynesia, what more responsibility do you want? /s
- ako 4y agoYes he does, he was responsible for overhiring, and now he has taken responsibility for fixing that by laying off the employees no longer required. Problem solved in the eyes of the shareholders, responsibility fulfilled.
- blitzar 4y ago> "... took responsibility..." - I don't think it means what they think it means. They think it means "I take responsibility for the 10% jump in the stock price on the announcement of layoffs and expect my bonus to reflect the increase in shareholder value, please ignore the 60% decline in the shareprice over the last year which is due to market conditions and not my responsibility." Its too early to call; but come the end of financial year its probably going to mean exactly what they think it means.
- agloe_dreams 4y agoOr that they blew $27B on Slack and then had an almost public feud with Stewart and was careless about him leaving...destroying Slack's morale.