The CEO is told they need to layoff by the CFO. The CEO agrees, then the corporate strategy team devise a strategy with the PR team. After the strategy is devised, the severance and headcount numbers are sent to the CFO for approval. The CFO should be the final go/nogo. Off course, the CEO can come in and change his mind, but that wouldn't be wise since the CFO has the best understanding of the economic situation and company's financial health.
Being the best coder doesn’t make customers want your product. So at a certain point, I got over coding. I am now more interested in business and product managements.
https://komoroske.com/slime-mold/