alt Hacker NewsVery often people will defend these kind of layouts as the result of overhiring but then shouldn't the leadership that over hired 30K people also be held accountable?
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jaccola • today at 4:35 PM
I think this sucks for the people being laid off but what exactly should they be held accountable for?
It's not like over-hiring or laying people off is a crime. The employees presumably knew the deal going in (that they could be laid off). They got compensated for the time they worked.
No one owed them a job at Oracle in the first place. (Again, not to diminish how bad it feels / shocking it can be to be laid off!)
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If you follow the “stock price is the golden indicator of company’s well being attitude”, then over-hiring at that point was a great decision. And cutting the headcount is also a great decision right now. So they did nothing wrong.
I personally don’t agree with this, but it’s easy to say “overhiring was bad”, when at that point, it might’ve been a great business decision. Things just have changed now.