this post was submitted on 12 Feb 2024
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I feel like the CEO should be required to resign if they let a company get to the point where multiple rounds of layoffs are required. They need to own the failure of their decisions.
Sadly, at the board level, layoffs aren't seen as a failure. They are preferred.
Then the news should report it as if the company is doing bad. That will make the shareholders freak out.
"Company X financially looking bad, tries to compensate by laying off essential workers."
"Another round of layoffs at Company X, are they on a brink of bankruptcy?
Oh I’m well aware. My former company just sold my department to an outsource company at the same time they laid off. We are all just numbers.
I feel like that is the norm nowadays. Like overbooking on flights, although it is so unethical, they do it because they can get away with it.