Look at all these Pretzels
CEOs in 2023 & 2024
I (representing the executive team) and the Board (representing the shareholders) have decided it would be unfair for shareholders if the stock price declined due to decreased profits, and it would be unfair for the executive team to take pay cuts in order to maintain the profit expectations we set. Together, we agree the most fair option is to stop your paycheques and, in some countries, your health and dental benefits too.
Seeing as you weren’t part of our discussions, I won’t bore you with the details. They’re complicated and it would take too long to explain them in a way you understand. Trust us — this is the best option for everyone. Thank you for your service.
I’m hopeful that many of those laid off will start their owns organizations and I’m even more hopeful that they’ll aim to create organizations that recognize the value comes from the human beings. Heck, maybe some of them will read Reinventing Organizations and a tsunami of good things will wash away the stale business practices too many still adhere to today. 🤞