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this post was submitted on 30 Sep 2024
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So you're left with departments full of clock punchers who don't have vision or leadership. If you want to kill your Golden Goose, that's a good way to do it. The remaining departments full of drone followers aren't going to be making you the exciting groundbreaking products that make you money.
Of course then again I personally see value in employees, maybe business leadership does not or thinks they are all generic replaceable.
In my experience: the higher up the management chain, the higher the chance that they are just in for the bonuses - not for the company / industry. And those bonuses are always bound to these numbers which need to go up. When the numbers go down, these people are long gone.
You nailed it. look at their more recent announcements about execs not taking bonuses--- they're giving up bonuses for the coming year. I expect most of them to 'pursue other interests' but they'll keep their bonuses, whatever team gets brought in to right the ship will then get screwed.
Might also be ass covering- with a pre-emptive promise of no bonuses it may be harder to replace them...