Edited to provide source: I see Meta is downsizing and 'giving' impacted employees 30 days to find a new role in the company. While business conditions may warrant this, has anyone on the exec team taken responsibility for over-hiring and the proliferation of non-impactful projects? Asking for a couple of thousand friends. #layoff #meta #zuckerburg #leadershipprinciples https://fortune.com/2022/09/22/mark-zuckerberg-meta-30-day-list-layoffs-reorganization-facebook-instagram-whatsapp/
And you think they give a shit!
Execs never take responsibility, they may say it even when they don’t take responsibility if that matters
Which execs from any company have you seen doing that?
Where’s the news?
Months ago in earnings mark said meta would lower expenses. Yesterday the fake news finally got around to reading the earnings and published that meta would be reducing costs lol.
Take responsibility how? Should they resign? Maybe some emotional pseudo self-flagellation like the Crying CEO on Linkedin?
Fake news
So many people and the press lionize these tech execs when most are just man-babies. They love to bask in their successes but shun the light and shirk responsibility when it becomes critical of their flawed decision making. My point is they are not leaders. They are along for the ride just like you are. Except they own who stays on the ride. Caveat Emptor
If it is so easy predicting the future and leading global corporations you should become a leader yourself. Sounds like you can see the future better...
I admit my mistakes. Which means I would be terrible as a leader. At least according to some research. https://www.quantified.ai/blog/should-leaders-apologize-sorry-but-research-says-maybe-not/
Just to be clear; this is incorrect. When meta has removed projects (happens all the time) folks are given opportunities to find new teams or new roles. Always been part of the culture. Slowing hiring is different from downsizing. Downsizing is when companies like msft lay people off with no path to other roles.
What part is incorrect? It is downsizing the business by removing projects. And my point was not about downsizing it was about your leaders not taking responsibility for the proliferation of projects and hiring binge they signed off on. I know that 57% drop in stock price this year must sting but I don't understand defending lack of accountability.
If you have 5 projects each with 100 people and move to 4 projects each with 200 people I wouldn't call that downsizing would you? That's why meta is still hiring. Trying new things and reprioritizing is normal and happens constantly. If you slow hiring how would a leader take responsibility exactly? You want a public apology from every tech ceo for not anticipating how quickly the global economy would slow? Did msft leaders take reasonsibility for the most recent layoff? It would be more irresponsible to not adjust your business resources during times of change imho.
Why do you care
Roku, can you refer?
Just curious, are you Asian by chance?