💰 Silicon Valley needs to stop laying off workers and start firing CEOs

TL;DR

CEOs made mistakes, workers bear the bruntMark Zuckerberg at the company formerly known as Facebook, who authorized a hiring binge over the pandemic and invested billions of dollars into his metaverse folly before having to cut 11,000 jobs, or Tobi Lütke at Shopify, who laid off 1,000 people based on a bet on the future of e-commerce that "didn't pay off. When one company chose to lay off thousands of people, it became optically justifiable for other companies to follow suit — a natural way for the CEO to seem "disciplined" or "responsible" despite the brutal cost to employees. The CEO, the most powerful and influential person at the company, is now a figurehead who receives all the benefits of a company's success without being endangered by any of its failures

Like summarized versions? Support us on Patreon!