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Taking responsibility for laying off a bunch of people is thin gruel. What does that mean? Nothing. They showed you loyalty, you didn't return it. The over hiri
by smga3000 2y ago
Taking responsibility for laying off a bunch of people is thin gruel. What does that mean? Nothing. They showed you loyalty, you didn't return it. The over hiring is a symptom of bad management, so taking responsibility would be to demote yourself and take a pay cut. All the executive staff should have taken one and kept more people on. It is irresponsible and cruel to overhire and then dump people. I could say more, but I am sure this is falling on deaf ears.
- redwood 2y agoOver-hiring is a calculus that shifts depending on macro market conditions. To pretend otherwise just isn't an honest assessment of what it means to be a business leader. In the zero interest rate era, it was irresponsible for business executives to not invest to ensure they had a competitive foundation or else be left-behind by those doing so... The rise of interest rates changed the market's appetite to invest in non-profitable growth companies, which in turn had a series of follow-on effects that required software executives to reverse course so as to optimize for their long term viability in the new climate.