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A 20% layoff means either the market changed very very quickly or something went terribly wrong in the company strategy. Here it's the second scenario and I'd e
by realusername 2y ago
A 20% layoff means either the market changed very very quickly or something went terribly wrong in the company strategy. Here it's the second scenario and I'd expect the CEO to be on shaky grounds after such bad results.
There needs to be more explanation on where the CEO screwed up that badly and the consequences for the management.
- deleted 2y ago[deleted]
- mrguyorama 2y agoAt the very very least, they should be explaining how Dropbox is suddenly a 20% smaller company, because either that means the market has contracted by 20%, or Dropbox has shit the bed as a competitive entity in said market. Both options should directly imply that the CEO should earn less. Either you're running a smaller, simpler company, or you sucked at your job. Eat the loss.
- stevenAthompson 2y agoThey aren't 20% smaller, they stopped growing. Some of those positions existed to help them continue with growth, which now isn't happening. They reached market saturation, which isn't the same thing as failing.