ScrubblesCloudflare Employee records her final meeting where HR tries to fire her
EmperorHenrywhy can’t corporations just do things in a reasonable and rational way?
Why do they constantly make so many extreme changes all the time? When they need to hire more people, they hire way more than they need, when they need to downsize…or rather when they’re tired of paying so many people, they fire way too many.
slaacaaBecause it improves short term profits, so the stock goes up, so both shareholders and execs are happy with their big payouts. The rest is just collateral, they don’t care.
Last I checked the average tenure of a CEO was less than 2 years.
As long as the problems only properly start getting felt a couple of years later, all such “save a bit now, pay a lot later” strategies are ideal for CEOs as they optimize their bonuses.