Layoff-by-RTO.
The dumbest move a CEO could make.
Now all the smartest people have quit, and the most desperate half of your staff stuck around.
A players hire A players, B players hire C players, and apparently D players fire A + B players.
The dumbest move a CEO could make.
Now all the smartest people have quit, and the most desperate half of your staff stuck around.
A players hire A players, B players hire C players, and apparently D players fire A + B players.
How many people have you ever met who self-identified as a non-A player?
I think Musk "showed" that it's "possible" (in the short term) to just purge and get by with C or D players -- plus the occasional True Believer -- and still survive.
Let's be honest that most companies... what they're doing... is not magic. And their CEOs are likely aware that following a Google-like "hiring the smartest people" strategy along with the $$ that goes with that may not be what they need.
And during economic contractions, short-termist thinking takes often over. So here we are.
But I do think in the long run, yes, it's poisonous. But out of the ashes of that come the next A-player companies.
And they're on the hook for $1.2 billion in interest payments annually. Are they even making that in revenue now? We won't know because they're privately held.
In other words, penny-wise, pound foolish.