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submitted 9 months ago by tree@lemmy.zip to c/theonion@midwest.social
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[-] plz1@lemmy.world 28 points 9 months ago

I feel like the CEO should be required to resign if they let a company get to the point where multiple rounds of layoffs are required. They need to own the failure of their decisions.

[-] III@lemmy.world 7 points 9 months ago

Sadly, at the board level, layoffs aren't seen as a failure. They are preferred.

[-] Honytawk@lemmy.zip 3 points 9 months ago

Then the news should report it as if the company is doing bad. That will make the shareholders freak out.

"Company X financially looking bad, tries to compensate by laying off essential workers."

"Another round of layoffs at Company X, are they on a brink of bankruptcy?

[-] plz1@lemmy.world 1 points 9 months ago

Oh I’m well aware. My former company just sold my department to an outsource company at the same time they laid off. We are all just numbers.

[-] iAvicenna@lemmy.world 1 points 9 months ago

I feel like that is the norm nowadays. Like overbooking on flights, although it is so unethical, they do it because they can get away with it.

this post was submitted on 12 Feb 2024
986 points (99.3% liked)

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