Silicon Valley executives have said the cuts are a result of pandemic over-hiring and still-historically high inflation. But others say something else may be behind the mass layoffs.
The (non-founder) C-suite seems to think that people hate them for laying off other staff. People hate them because the C-suite doesn’t have to face the consequences of their incompetence. It’s the regular staff that does. CEOs instead get golden parachutes for running companies into the ground.
Yeah. I worked for a SaaS company that had two rounds of layoffs because they hired C-suite executives who were better at talking than building software or running product teams.
One was let go in the layoffs – but given a book of clients to start a competing business. The other is still there holding pointless meetings that keep people from getting work done.
Incompetent management
The (non-founder) C-suite seems to think that people hate them for laying off other staff. People hate them because the C-suite doesn’t have to face the consequences of their incompetence. It’s the regular staff that does. CEOs instead get golden parachutes for running companies into the ground.
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Yeah. I worked for a SaaS company that had two rounds of layoffs because they hired C-suite executives who were better at talking than building software or running product teams.
One was let go in the layoffs – but given a book of clients to start a competing business. The other is still there holding pointless meetings that keep people from getting work done.