CEO laid off 80% of staff 2 years ago. He would do it again(finance.yahoo.com)
finance.yahoo.com
CEO laid off 80% of staff 2 years ago. He would do it again
https://finance.yahoo.com/news/ceo-laid-off-nearly-80-185033733.html
5 comments
"CEO of enterprise-software powerhouse IgniteTech"
Never heard of them.
Never heard of them.
This is one of those companies whose website you can visit, and after 10 minutes still have absolutely no clue what they are doing. Other than making the news with a toxic CEO.
How do these mentally ill people continue to rise to such heights. This sounds like the description of someone’s manic episode.
I am convinced it's actually what gets them to those dominant positions. They are selected for that, because those who select them are either the same kind of assholes, or because somehow we as a society believe that those are the "strong leaders" we need.
When you lose 80% of your staff, you failed as a CEO. And when you do it like this... you deserve to be absolutely disrespected by your staff (old and new).
What would have happened had they not fired them? Maybe some loss of profitability (and importantly, maybe, or probably not), but probably not to the point where 80% of the staff would have had to be fired. Also it has evolved a lot between 2023 and now, and employees who were skeptical back then may have started adopted LLMs where it made sense.