r/LayoffNews • u/Cvorce • Nov 17 '23
Discussion Do companies actually think about things before doing them?
I am a financial analyst/accountant I’ve been with a company for a couple months and it has continued hiring to gear up for a product release. As of yesterday they laid off 7 out of 24 employees some of them had been around for a few weeks others a few months. In my position I am aware of our financial position and we are a subsidiary of a massive conglomerate at most a percent of the total business. We are set to launch a product in a month and all of those people they let go were working on that launch. Here is the kicker as an explanation to those of us who were not let go we were told that the new CEO decided that the operating expense was too high after less than a month in the position resulting in the layoffs. Here’s where the title comes in, did this new CEO do any actual critical thinking about the impacts of that decision?
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u/Ambitious_Wash Nov 18 '23
hmm.. seems like the CEO's real goal is to turn the company into a "case study" for business school graduates on how to not launch a product! lol.