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Those who overhired should have been fired, I agree. It's incredible (or not) that the CEOs weren't eliminated.

Can't speak for every company, but most companies I've worked for with detailed hiring practices would evaluate the long-term outcomes of people that hiring managers chose.

If someone hired a lot of people who had to be laid off later, they would get more supervision and review of future hires.

The people who hired them may be long gone by now.