Technology

59374 readers

3392 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

297

Wayfair lays off 13% of its workforce weeks after telling employees to work harder (www.cnn.com)

submitted 10 months ago by [email protected] to c/[email protected]

32 comments fedilink hide all child comments

Wayfair lays off 13% of its workforce weeks after telling employees to work harder::Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns.

you are viewing a single comment's thread
view the rest of the comments

[+] [email protected] -8 points 10 months ago (2 children)

I can 100% guarantee you that 99% of all C-suites are held to very definable metrics as a large part of their compensation.

[–] [email protected] 7 points 10 months ago (1 children)

Why are you sucking so much CEO dick in this thread??

[–] [email protected] -4 points 10 months ago (1 children)

Amazing. Coherrent argument.

[–] [email protected] 5 points 10 months ago

Argument? It's a question. A very coherent* one.

[–] [email protected] 3 points 10 months ago (1 children)

You didn't answer the very simple questions I asked about growth.

[–] [email protected] -1 points 10 months ago (1 children)

Ah fair enough.

If the company is growing why are they shedding workers? I mean, I don’t know, but some avenues I can imagine are: Their growth is happening in areas that aren’t people-intensive, their profit margins are lower than their competitors, they don’t have the right people to meet their strategy, they hired in anticipation of some trends continuing and they don’t, etc etc. Or a combination of the above.

I’m not saying that their leadership is blameless. I’m only saying that from the data I have, their leadership isn’t automatically to blame either.

[–] [email protected] 1 points 10 months ago

Leadership is always to blame if there are problems. That's what being a leader is.

Here's an easy way to tell who to blame: if their recent projects were a success, who would get the accolades?

The executive leadership team, most likely. No one would say "they don't automatically get credit". So they should get the blame when things go poorly.