11–20 of 329 posts
Well, here’s some great news: The CEO takes full responsibility [1]! > Ultimately, we had optimized some aspects of our operations for a very different world than we found ourselves operating in. The responsibility for that falls squarely on me. [1]: https://www.publicnow.com/view/CEA41F7D5BB5C6CFF1144A3A9C462...
The real question is: does the CEO take full responsibility?
I don’t get this mentality. From a meta level, Confluent isn’t profitable. In this environment, what would you have Confluent to do? The second point, a job is always transactional, you exchange labor for money and at any given time, either party can stop that transaction Also, if you are a tech person in any major city in the US, you are more than likely making at least twice the median wage in that city. If others…
Well, here’s some great news: The CEO takes full responsibility [1]! > Ultimately, we had optimized some aspects of our operations for a very different world than we found ourselves operating in. The responsibility for that falls squarely on me. [1]: https://www.publicnow.com/view/CEA41F7D5BB5C6CFF1144A3A9C462...
The real question is: does the CEO take full responsibility?
If your comment ("CEO takes full responsibility") is suggesting s/he should be fired or compensation reduced because of their misread of the future, that would be quite silly.
Companies don't fire people for making mistakes (in fact if you make no mistakes you probably should be let go because you're not pushing the boundaries enough or taking sufficient risk). Reducing comp as punishment would also not make sense, for obvious reasons.
The real question is: does the CEO take full responsibility?
https://www.marketscreener.com/quote/stock/CONFLUENT-INC-124...
Not surprising. Every company is going to take the opportunity to trim costs when it doesn't affect their PR as much as it would any other time.
The real question is: does the CEO take full responsibility?
I don’t get this mentality. From a meta level, Confluent isn’t profitable. In this environment, what would you have Confluent to do? The second point, a job is always transactional, you exchange labor for money and at any given time, either party can stop that transaction Also, if you are a tech person in any major city in the US, you are more than likely making at least twice the median wage in that city. If others…
It's also worth noting many places enshrine in law protections for layoffs because of the power imbalance between employees and employers.