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First Out

It wasn't clear who this CEO was called out making a mistake for his layoff messaging. It seems like did did and said what everyone else does. Over-hire when it is expedient to based on bad, ill-conceived bets that will predictably fail. The reason that company leadership fails is related to the bad hiring that manages to float up to the top before getting laid. They are able to do this because they learn to manipulate the system of rewards exceptionally well and that does not require or even support any actual performance on the job. 

When the entire leadership team at the company is comprised of this ilk, cycles of hiring frenzy followed by layoffs will be part of their operating rhythm until they cease exist. It is commonly understood that layoffs are a sign of bad management but somehow the said bad management never has to face the consequences for being bad. I can't help think about how the person giving their "thoughts and prayers" speech on the eve of a layoff needs to be the first one to be escorted out the door but never are.

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