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I ran into the opposite situation. The people they hired were pretty good, but like you said the VCs gave the CEO a headcount target to hit in engineering and h
by gitfan86 3y ago
I ran into the opposite situation. The people they hired were pretty good, but like you said the VCs gave the CEO a headcount target to hit in engineering and he did it because I guess the VCs are the ones calling the shots.
Instead of just being honest and saying "oops, we need to cut spending, they created bullshit KPIs and useless metrics to start marking people as underperformers"
So I suspect a lot of the VC funded companies have had 10%+ stealth layoffs.
- sokoloff 3y ago> I guess the VCs are the ones calling the shots. "He who pays the piper calls the tune" is a saying that's over 400 years old. If your company is depending on VC funding for ongoing survival, the VCs are calling the shots. If your company is generating its own sustainable cashflow, the CEO is in a much stronger position to call the shots.
- 0xCAP 3y agoKPIs are also killers of quality. I just planned a tech migration that the whole tech team agreed on, and that would bring countless advantages to the company, that got ultimately rejected by higher-ups just because "it doesn't fit into your (mine) semestral KPIs". KPIs are a good way to make sure nobody overperforms or shows signs of cross-functionality. The moment KPIs take over a company, people get turned into bots.