Day to day moves in the market happen for many reasons. I doubt that over any sort of reasonable term (let's say a few quarters) the companies doing massive layoffs are going to outperform the companies that are not.
Day to day moves in the market happen for many reasons. I doubt that over any sort of reasonable term (let's say a few quarters) the companies doing massive layoffs are going to outperform the companies that are not.
How is it impressive and worth multi-million dollar salaries to lay off people when your revenue is down?
How is it amazing to do what the board wants all the time?
What about mistakes and past decisions? If you make a decision, it turns out to be wrong, you aren't exceptional to then fix it. If I am making a customers order at McDonalds, get it wrong, then redo it that's certainly nice but how is that more than what anyone else would do?
If a companies revenue is down the CEO's decisions should be analzyed to see if his actions contributed to it and perhaps lose his job if so.
Agree. However, will you also apply the same logic to the current administration of your government who created the economic conditions which set the CEOs up to fail?
You did not have to have a degree in economics to see the effects of shutting down an entire countries economy for over a year would eventually come back to bite us in the arse. The Tech crowd predominately leans left and a large majority supported these measures and even heralded them at the time.
This is now the fallout of those decisions and we are to live with the result of our convictions.
Saying you want someone else to take the fall is just asking to have your cake and eat it too, which I do not support at all.
2. The most severe shutdowns were in the early stages of the pandemic, under President Trump and a Republican Senate. Not sure why you are laying the blame entirely at the feet of those who “lean left”.
3. During those same shutdowns, the companies laying people off today went on hiring sprees. That wasn’t the decision of the employees being hired, it was the decision of management at the company. So even if it is true that this economy was inevitable due to the pandemic, and that anyone should have been able to see it, then the responsibility lies with those who chose not to act accordingly but instead overhire, which again, is management.
This was voluntary however since many would follow it there would be an economic impact
That would suck, but that didn't, even to a first approximation, happen. Not for a year, not for a month, and not for a day.
Schools, Restaurants, department stores, and just about anything that wasnt a pharmacy, grocery store, or gas station was forced closed. Borders with countries allies and foes alike were closed. In some 1st world countries like Germany this went on for MORE than a year.
Then you had a partial shutdown of the economy with vaccine requirements that shut out the economy for millions who did not have the vaccine yet or had no plans to get the vaccine.
You supported this. I will bring it up to you again, and again, and again because what you supported was wrong.
I will not stop telling the people that you and whoever supported these horrible measures are part of the reason we are in the situation. No matter how much you say No No No. You are partly responsible.
It might appear to be a lack of planning, but another way to look at it, is these companies are running at full throttle in a vehicle sense, and the CEO and others have taken their foot off the throttle to negotiate a bend.
>How is it amazing to do what the board wants all the time?
I've seen stats delivered to management and the board, and I've seen the board tell management to reverse their actions within minutes of those stats being delivered at shortly after 6am.
Keeping a currently work-to-rule, minimum-productivity workforce happy when it affects the business in other ways is important to the board.
> If a companies revenue is down the CEO's decisions should be analzyed to see if his actions contributed to it and perhaps lose his job if so.
Look at the UK Prime Minister situation, 3 PM's in a year. Its an interesting lesson for the whole world if you consider the British PM to be a CEO of a country.
Look for the parallels and whose Authority do you trust?
Do you find pieces of paper from a University to be an interesting Authority object? Do you find money to be an interesting Authority object?
Do you find the internet, regardless of website to be an intelligent training exercise? Do you find life and society is one giant over populated prison?
The companies of CEOs who were able to higher employees quickly and capitalize benefitted.
Now capital is much more expensive and companies cannot afford some percentage of those inefficient employees. CEOs that act quickly on this and cut staff typically end up protecting more company revenue.
CEO decisions also are absolutely analyzed by the board and CEOs are typically fired based on performance relative to the market as a whole.
No one could have predicted that you could hire people you don't need or are ""inefficient"" and a company could still be profitable?
Again, is this a complex notion? Is this like some revelation that could only be understood after a certain date? I mean I think not. It's such a simplistic concept
Also you keep claiming the people hired were inefficient and the people fired were inefficient. How do you know that? Like what is inefficient? It bothers me how you said it twice and implied everyone was inefficient (of those fired and hired)
And if you can predict interest rates, then no need to be a CEO, you can make billions just by placing a few trades per year.
You don't pay an executive millions because he has fourth-grade economic understanding.