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Not sure it really makes a difference. I guess it’s part of the business cycle to over-hire and over-fire, rinse, and repeat. But I think if a CEO’s best accomplishment is laying off a bunch of workers, that’s a pretty poor endorsement.

Neither company has meaningfully changed or reinvented their product in the last decade. Still they’re making money hand over fist. In many ways these companies succeed despite their leadership’s best intentions, rather than because of them.

> Neither company has meaningfully changed or reinvented their product in the last decade.

Come on.

agreed, that's an unfair statement. Facebook added reactions in 2015.

Google did reduce staffing levels, there was a layoff in January. One of the best engineers I've ever worked with was let go as part of it.

Reducing staffing levels is brinksmanship. The company that does it the least wins.