this post was submitted on 09 Jan 2024
372 points (98.7% liked)
Technology
57781 readers
3167 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Lol, the CEO fucked each and every one of these people over. Restructuring, my ass.
Totally. The classic MBA move of firing important people who’s role he doesn’t understand, seeing short term gains from lack of salaries, and exits the company just in time for it to tank because it can’t operate without those people. Walks away with a few cool million, on to his next company to suck dry.
Those stock grants aren't going to grant themselves son. Literally Lord Farquad. "Some of you may die, but that is a sacrifice I'm willing to make."
Yep, and now they will struggle to get new talent and the ones that can will likely leave as they don't feel safe. I feel sorry for the employees, but this is how it's supposed to work. Future ceos of other companies might think twice before screwing over customers and other devs.
So it sucks for their affected, but it should be a net benefit to the industry long term.