Comment by grey-area
17 hours ago
Apart from the bit where he lays 4000 people off, but himself is untouched.
Oh and the bit where he claims AI efficiencies are the reason.
If I had to do this to a company I’d built I’d fire myself too. It’s an admission of a massive failure of leadership.
Yeah it's a great layoff letter in the same way that the invasion of Iraq due to WMD was a great speech.
Companies grow and shrink. That’s not “a massive failure”.
You're right, it's worse. It's hurting people's lives, maybe it should be considered a crime in America due to how intertwined having a job is with also having access to healthcare, social services, government services, the ability to eat, the ability to have a place to sleep; it all seems extremely dramatic in this context.
All the more reason to tax tech companies more to provide better welfare for the nation because we all know these business magnates are too greedy to care about other humans that aren't them.
Cutting staff by half is an admission of massive management failure.
Their planning was terrible.
Their hiring was terrible.
They can’t think of any new projects to put these staff on.
An external tech appears that eliminates the need for human labor. But a CEO acknowledging its arrival and adjusting for it is a 'massive failure of leadership'?
Well that's certainly the story that Jack is selling.
We'll see in time whether his company makes extraordinary gains to match his claims or whether he is just covering for his own incompetence.