this post was submitted on 18 Oct 2024
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Myeah I know what you mean, but the people that get associated with a bad decision at the highest level will usually end up being told by the board before they’re let go. It’s all in private, but in my experience those discussions are reasonably frank.
The board doesn't "let go" of people willing to do a hatchet job, they hire them into their other companies to do the same. "Failing upwards" is a term that comes to mind.
Is that an opinion or backed by facts? I’ve never seen someone fired from a C-level role only to be hired into an investor’s other investment.
The point is they don't get fired for laying off staff.