A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this? ( lemmy.world )

Kiernian , 5 months ago

Every time some boneheaded CEO follows the whims of these billionaire types, the press should start running articles as though the company’s days are numbered.

“More sudden layoffs! Is Google worried about its own long term prospects?” … “Google’s stance has changed from cutting edge innovation and growth to shoring up its flagship products in the hopes it can weather the storm. Battening down the hatches is the order of the day, and anything not deemed ship shape is left to flounder until it sinks.” Cite that most companies only cut staff like that when they’re looking to artificially inflate their valuation for some reason. Question if the impact of any recent bad moves are worse than expected.

The press should circle layoff-prone companies like sharks until they stop listening to stupid advice.

Make them stop and THINK about what they’re doing first. Teach the people in charge how to recognize when they’re being manipulated.

We give CEO’s entirely too much leeway to do incredibly dumb shit.

Carly Fiorina, John Roth, Frank Dunn, Mike Zafirovski, I don’t know if John Riccitiello is it at fault for the unity debacle, but he should have been able to stop it, John Wendell Thompson, Bob Allen, Kenneth Lay, John Sculley, Stephen Elop (How the fuck do you destroy NOKIA?!?!), Martin Shkreli, Carol Bartz, Leo Apotheker, the list is ENDLESS.

C levels have too much power to make RADICAL decisions and the fact that boards of directors are broken-record-skipping on the words “short term profit” is what keeps causing it to happen.

The billionaires and other CEO’s are on Ron Vachris’ ass every time there’s a group call because he keeps making them look bad, but he’s proven that his way is SUSTAINABLE.

It’s time to nudge things back into healthier directions.

UnderpantsWeevil , 5 months ago

the press should start running articles

The press is literally and explicitly owned by the billionaires advocating these job cuts.