| ▲ | lenerdenator 6 hours ago | |
> Or it's just a logical continuation of "next quarter problem" thinking. You can lay off a lot of people, juice the number and everything will be fine....for a while As long as you're 1) In a position where you can make the decisions on whether or not the company should move forward and 2) Hold the stock units that will be exchanged for money if another company buys out your company then there's really no way things won't be fine, short of criminal investigations/the rare successful shareholder lawsuit. You will likely walk away from your decision to weaken the company with more money than you had when you made the decision in the first place. That's why many in the managerial class often hold up Jack Welch as a hero: he unlocked a new definition of competence where you could fail in business, but make money doing it. In his case, it was "spinning off" or "streamlining" businesses until there was nothing left and you could sell the scraps off to competitors. Slash-and-burn of paid workers via AI "replacement" is just another way of doing it. | ||