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"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
What consequences do you want the CEO to face? A token reduction in pay? Being fired?
Being sorry - check Takes full responsibility - check Layoffs are still there
how would you like the next CEO to handle it, for reference?
Saying e.g. what is the impact on the situation for those responsible might be nice - no bonuses for next year? A plan in place so that this doesn't happen again? Stepping down as a CEO?
I mean, if I take responsibility for e.g. wrong tax filing, I pay the fine penalty, and/or go to jail.
Saying "I take responsibility" some kind of failure while having no consequences for said failure is not taking responsibility.
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
But what would that even look like? A fine? That would probably make no practical difference, and would discourage them from making changes that need to be made. Fire them? Then you would probably get a worse decision maker in the driver seat going forward, who also didn't learn from experience of going through layoffs.
Layoffs are awful. They affect lives and families deeply. But all businesses don't go up and to the right forever. Reductions are a necessary part of running competitive companies.
Jokes aside, how do you end up having more than 500 excess people than what you need? What is management exactly doing during the time they went from 1 excess person to 500? Did they just hope the "macroeconomic headwinds" would become tailwinds? Didn't they at some point see that they have more people than valuable work, and maybe we should deal with that problem instead of hiring another team to place even more bets?
Actually, I know why. It's because they have too much money and when you have too much cash, you start splurging without thinking and then one day the chickens come home to roost.
Honestly, I would not hire a single manager from these big companies because they operate in an environment where they're playing with monopoly money and don't know what reality is. There's something to be said about spending within your limits and not splurging on the next shiny object. Way back when it was called cost control and operating within a budget. All that management theory seems to have been lost in the age of cash injections and valuations based on everything except retained earnings.
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
Genuine question: what do people want from a CEO in this situation? What consequences do you want the CEO to face? A token reduction in pay? Being fired?
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
i would love to use dropbox over icloud, but I just want a drive that works and a way to turn off all their weird features.
But why is every ceo feels obligated to use this kind of meaningless corpo speak in these emails? "Macro Headwinds", "full responsibility"?
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
Genuine question: what do people want from a CEO in this situation? What consequences do you want the CEO to face? A token reduction in pay? Being fired?
Considering dropbox is not facing some economic recession outside of its control we can only blame the CEO's incompetence.