Wait let me guess, the CEO is taking full responsibility but with no actual consequences?
At least they didn't host a rock concert for worlds richest elites the night before.
Who did that?!?
Prisma laying off 28% staff
41–50 of 246 posts
Re: Prisma laying off 28% staff
#42Re: Prisma laying off 28% staff
#43Earlier quoted context omitted.
At least they didn't host a rock concert for worlds richest elites the night before.
Who did that?!?
Re: Prisma laying off 28% staff
#44Wait let me guess, the CEO is taking full responsibility but with no actual consequences?
Why should he face consequences? Instead he should focus on learning from the mistake so that the company can try to avoid making the same mistake again. Punishing him isn't going to solve any of the company's problems.
You're right. The deeper issue here is that we do not live in a meritocracy. People are frustrated. Digging into why the CEO gets another chance eventually leads us to these larger societal issues.
Re: Prisma laying off 28% staff
#45Earlier quoted context omitted.
Natural attrition can cut headcount. Large layoffs are a sign of incompetence.
FANGM all did layoffs. And many other companies as well. That they are all incompetent can't be the explanation.
Sure it is. Google for example increased headcount by 24% in a year and cut it 6% in the next year, a clear sign they made a bad decision.
Further in Google’s case they have plenty of money to pay these people until headcount naturally shrinks, but they don’t have anything useful enough for them to do that waiting and avoiding a large severance package is cheaper.
Re: Prisma laying off 28% staff
#46"I take full responsibility" is the new "our incredible journey" of failing tech company cliches.
"So I am paying back staff and investors with my own money"
That sounds like responsibility
Re: Prisma laying off 28% staff
#47Earlier quoted context omitted.
you don't believe in 2nd chances? people make mistakes, you usually have to make them before you learn from them.
His mistake cost 28% of the company their jobs. Usually mistakes of that magnitude get you fired. Unless you’re the CEO. Then other people get fired and have to deal with the consequences, you play sad for a few days then go play with piles of cash.
How do you know it's because of mistakes?
Since when are markets totally predictable?
More than once inferior products and services get investor money and good ones fail to receive any funding.
Re: Prisma laying off 28% staff
#48Earlier quoted context omitted.
At least they didn't host a rock concert for worlds richest elites the night before.
Who did that?!?
Microsoft paid Sting to perform the night before their layoffs
https://www.theregister.com/AMP/2023/01/20/microsoft_sting_d...
Re: Prisma laying off 28% staff
#49"I take full responsibility" is the new "our incredible journey" of failing tech company cliches.
"I take full responsibility" is always referred to the investors and shareholders.
aka "I admit I have done a bad decision when I over hired and I'm correcting it".
It's not a "I take full responsibility" towards the employees or customers.
Re: Prisma laying off 28% staff
#50Damn, I use Prisma, it's a good way to have a unified database schema for which you can generate code in any language you want. It was very useful for converting a TypeScript project to a Rust one, I use prisma-client-rust in particular.