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What consequences would you like CEOs to take on when they have to do layoffs?
by mattmaroon 2y ago
What consequences would you like CEOs to take on when they have to do layoffs?
- malfist 2y agoResignation. If they made a big enough blunder to need to lay off 20% of their staff, they're not capable of leading the company. Why do we think they'd do any better next time if there are no consequences to their poor leadership?
- eob 2y agoHave you ever managed a complex, dynamic, changing system and found that the optimal size based on current conditions was 20% less than it was at some prior time? I can think of all sorts examples.
- izacus 2y agoWhy can't the CEO share the fate of laid off employees? They did nothing wrong either.
- mattmaroon 2y agoThe answer to your question is definitely no. Nobody who has ever ran a business for long would think that every layoff is due to CEO incompetence.
- Eric_WVGG 2y agomaybe antiquated, but seppuku is considered honorable
- shitlord 2y agoBy that logic, Mark Zuckerberg is a poor leader and should resign. I think most investors would disagree with that assessment.
- cbzbc 2y agoMaybe he should, Meta's main product has peaked in their biggest markets, and his last massive bet went nowhere. He may not be the right person to lead the company at this point.
- mattmaroon 2y agoWhy is it a blunder? Do you think only poor CEOs face downturns or overhire? And if a company hires too many people for a few years and then right-sizes, isn’t that better for the economy overall than if they simply stayed small the whole time? They still paid salaries for those years and added to the overall level of employment. Do you want a system where CEOs are hesitant to hire? Or where they’re afraid to right-size the workforce and instead run the whole company out of business? There’s literally zero logic to your position, just feelings and Monday morning quarterbacking.