> My father used to complain that every new CEO at his company would first fire a bunch of people to make stock go up
Yup. My last company had a disastrous CEO who used public layoffs as his only lever. It worked once, despite a total of four pulls. The engineering departments were gutted and nobody really knew how everything worked anymore.
Somehow the company is still alive, though with a share price now about 1/20th what it was and 1/60th its typical highs.
Yup. My last company had a disastrous CEO who used public layoffs as his only lever. It worked once, despite a total of four pulls. The engineering departments were gutted and nobody really knew how everything worked anymore.
Somehow the company is still alive, though with a share price now about 1/20th what it was and 1/60th its typical highs.