Take a look around this comment section. This move isn't being received well by anyone and nobody is buying his bullshit. That, and mass layoffs are typically an excellent indicator of incompetence.
The CEO likely doesn’t give a hoot about HN’s opinion.
They probably care about their bonus and how it all advances themselves on their career path.
That doesn't sound anything like the priorities of a competent CEO. I think you're missing my point, too.