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Earlier quoted context omitted.
how would you like the next CEO to handle it, for reference?
These words mean nothing really. I expect the next CEO to not use meaningless phrases. How does "taking responsibility" works in his case? What does it even mean other than PR fluff?
TIL that nobody knows what they're doing. 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…
Instead I think the company has plateaued in growth and thus they need to cut back spending otherwise they will have falling profits and no growth - which is worse than just no growth.
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
What consequences would you like CEOs to take on when they have to do layoffs?
Why do we think they'd do any better next time if there are no consequences to their poor leadership?
Being sorry - check Takes full responsibility - check Layoffs are still there
So we're making more significant cuts in areas where we're over-invested or underperforming while designing a flatter, more efficient team structure overall.
So a lot of middle management getting let go then?
Honestly, this doesn't strike me as a bad layoff announcement, with one caveat. I’m writing to let you all know that after careful consideration, we've decided to reduce our global workforce by approximately 20% or 528 Dropboxers. Should be replaced with I’m writing to let you all know that after careful consideration, we've decided to reduce our global workforce by approximately 20% or 528 people. You should never u…
They're not Dropboxers, they're not associates, they are employees. Pretending otherwise is foolish on both sides.
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
Unpopular opinion, but I don't understand this type of comment. It sounds like people want executives to get some kind of punishment or pain as a consequence of laying people off. 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 se…
How big of a bonus will this CEO get this year? Last year?
Honestly, this doesn't strike me as a bad layoff announcement, with one caveat. I’m writing to let you all know that after careful consideration, we've decided to reduce our global workforce by approximately 20% or 528 Dropboxers. Should be replaced with I’m writing to let you all know that after careful consideration, we've decided to reduce our global workforce by approximately 20% or 528 people. You should never u…
It's to remind them they are beloved "Dropboxers", and are part of the family... before terminating them.
Then again, I'm also of the mind that email addresses (or whatever other contact methods) ought to belong to functional areas/positions rather than to people (other than for person-specific topics such as time off, personal development, etc.) so turnover doesn't lead to questions of where to send questions/requests. I assume this is an unusually inhumane outlook!
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
Unpopular opinion, but I don't understand this type of comment. It sounds like people want executives to get some kind of punishment or pain as a consequence of laying people off. 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 se…
Not saying it's enough, not saying that's the only way, but I find it peculiar that this seems to be unthinkable.
"As CEO, I take full responsibility for this decision" Oh hey another one that takes responsibility by taking on 0 consequences.
Unpopular opinion, but I don't understand this type of comment. It sounds like people want executives to get some kind of punishment or pain as a consequence of laying people off. 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 se…
> Iwata ran the Kyoto, Japan-based video game company [Nintendo] from 2002 until his death in 2015. To avoid layoffs, Iwata took a 50% pay cut to help pay for employee salaries, saying a fully-staffed Nintendo would have a better chance of rebounding. [0]
[0]: https://www.cnbc.com/2024/02/13/nintendo-ceo-once-halved-sal...