this post was submitted on 20 Jun 2024
951 points (98.2% liked)

Technology

59594 readers
3399 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] jj4211@lemmy.world 2 points 5 months ago

So much the better, as far as those executives are concerned.

Let's say you want to cut costs and you know you have momentum and a long lag where your total incompetence won't make a difference to business results in the short term, so cut costs by getting rid of the top talent.

Now if they outright just fire every good person, well that looks obviously stupid, but if those good people just... up and quit... well they are hardly to blame, and don't have to pay out those massive severances. You get your annual bonus which is big, and your big restricted stock payday might be delayed two years, but they know, realistically, they can probably coast a good 3 or 4 years before the game is up. Or if you have a supremely strong 'business brand', you might be able to coast indefinitely as the big shots will never believe that brand isn't good anymore.