Newly hired people were more junior and cheaper than previous employees so it makes no sense to fire them.
Which industry? I’m seeing a lot of middle layers being reduced, but not the rainmakers.
This org in particular missed, in my eyes, where to cut. There is a number of engineers who cannot do much more than copy/paste code and the org has no wish to train them. Unfortunately, the org thinks that going wide (lots of teams, lots of people) is a good way to scale.
Though functions like CEO and a lot of the executive suite - are under threat of just being replaced.
By what? A Board-hired AI?
Quite a few CEOs should just sit on the board and stick to reviewing an AI generated strategy implementation plan. Because it's still the board that decides on the strategy, while CEO typically is focused on the implementation of said strategy.
CEO as a fulltime position is definitely under threat here.
Agree.
> Quite a few CEOs should just sit on the board and stick to reviewing an AI generated strategy implementation plan
Generating strategy is an important part of a CEO’s job. But it’s far from the main one. Their job is, centrally, about people. Managing relationships external and internal. That is AGI-territory work.