Earlier quoted context omitted.
We should all be assured they will learn their lesson and do much better at the helm of the next company
I am assured of this.
So say we all
Dropbox is laying off 20% of its staff
11–20 of 29 posts
Re: Dropbox is laying off 20% of its staff
#12What was said:“As CEO, I take full responsibility for this decision and the circumstances that led to it..." And what was unsaid: ...but I shall suffer no consequences, and I'll upend your life instead. So, I'm good, right? What even means "I take full responsibility" in this case, if there are seemingly no consequences.
I don't completely disagree with your take, but people in this world have it pretty good. Most of the employees being laid off were taking home good paychecks for years. They had good benefits and they paid into retirement. According to the article, the company is going to pay on average around $125,000 in severance per employee.
Contrast this with the staff member at a university making $40,000 a year that gets laid off with little notice and no severance. Or the guy working in manufacturing that gets laid off because a major customer changed distributor so the company has to reorganize. Those are people having their lives upended.
Re: Dropbox is laying off 20% of its staff
#13Is THE famous HN comment going to turn out to be right all along?!
Re: Dropbox is laying off 20% of its staff
#14What was said:“As CEO, I take full responsibility for this decision and the circumstances that led to it..." And what was unsaid: ...but I shall suffer no consequences, and I'll upend your life instead. So, I'm good, right? What even means "I take full responsibility" in this case, if there are seemingly no consequences.
I don't completely disagree with your take, but people in this world have it pretty good. Most of the employees being laid off were taking home good paychecks for years. They had good benefits and they paid into retirement. According to the article, the company is going to pay on average around $125,000 in severance per employee. Contrast this with the staff member at a university making $40,000 a year that gets laid…
That some people losing their jobs have it better than others has nothing to do with the hypocrisy of a CEO claiming to take full responsibility while suffering zero consequences.
Re: Dropbox is laying off 20% of its staff
#15[deleted]
Re: Dropbox is laying off 20% of its staff
#16What was said:“As CEO, I take full responsibility for this decision and the circumstances that led to it..." And what was unsaid: ...but I shall suffer no consequences, and I'll upend your life instead. So, I'm good, right? What even means "I take full responsibility" in this case, if there are seemingly no consequences.
Some of you may die, but that's a sacrifice I'm willing to make.
Re: Dropbox is laying off 20% of its staff
#17Earlier quoted context omitted.
I don't completely disagree with your take, but people in this world have it pretty good. Most of the employees being laid off were taking home good paychecks for years. They had good benefits and they paid into retirement. According to the article, the company is going to pay on average around $125,000 in severance per employee. Contrast this with the staff member at a university making $40,000 a year that gets laid…
That some people losing their jobs have it better than others has nothing to do with the hypocrisy of a CEO claiming to take full responsibility while suffering zero consequences.
The market love the announcement of 20% cut in staff so the share price is up 2.85%.
The full responsibility personally benefited the CEO by ~$56,000,000
Re: Dropbox is laying off 20% of its staff
#18What was said:“As CEO, I take full responsibility for this decision and the circumstances that led to it..." And what was unsaid: ...but I shall suffer no consequences, and I'll upend your life instead. So, I'm good, right? What even means "I take full responsibility" in this case, if there are seemingly no consequences.
The consequences are going to be stock value increase.
Edit: it’s already visible.
Re: Dropbox is laying off 20% of its staff
#19More discussion on official post: https://news.ycombinator.com/item?id=41994640
Re: Dropbox is laying off 20% of its staff
#20What was said:“As CEO, I take full responsibility for this decision and the circumstances that led to it..." And what was unsaid: ...but I shall suffer no consequences, and I'll upend your life instead. So, I'm good, right? What even means "I take full responsibility" in this case, if there are seemingly no consequences.
The consequences are going to be stock value increase. Edit: it’s already visible.
Kinda, it's up today but DBX has been pretty flat all year after a big drop in March. YTD it's down around 10% while SPY is up over 20%, layoffs seem like a desperation move along with their AI strategy.