Hacker News Reader

From the investor's perspective the CEO's job is to do what's good for the company, which doesn't always involve doing what's good for some or all the employees, laying a lot of developers off is not a bad thing from the perspective of the business unless their work is needed and there is enough money to pay them.

View on HN

Right, so the CEO should just say that. Effectively the layoff was out of their control. It was the best decision for the business (shareholders). The act of saying "I take full responsibility" is pure virtue signaling unless it actually has consequences for them. Instead they should say, "I made the best decision for the shareholders."

Reply on news.ycombinator.com