241–246 of 246 posts
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What track record you're talking about? Last time layoffs of this size hit the market was about 15 years ago. Through these years average compensation in IT steadily rose, usually faster than market.
Performance of executives, especially the 'professional' MBA class.
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Surely random leadership change will help remaining 72%.
Very well could be the case. Also, who said it would be a spin-the-wheel random choice. I'm sure the board of directors can go through a search to find another CEO, whether internal or external. But the CEO, the leader, should have some skin in the game as well. That's what real leadership is about.
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I'd be ok with this and other lies having legal (civil) consequences, i.e. CEOs who say this are personally liable. Obviously, this phrase would die and that's the point. Really, it's not hard to remain authentic. Statements like "I feel terrible" are fine and even "we're trying to support everyone through this transition, both staff directly affected and their families, as well as the remaining staff who we realize…
“I take full responsibility” means “I am not firing these people because of their faults, I am firing them because I need to and had I better foresight, I wouldn’t have hired them in the first place” The firing is a necessary consequence of the hiring. You can, if you want, make it harder to fire people — but if you do you will also find companies will be less willing to hire people.
"I take full responsibility" is the new "our incredible journey" of failing tech company cliches.