[azakai]

In general I agree with you, yes, market conditions change, and CEOs need to make sometimes tough choices in response.

However, the specific context here is this quote from the CEO:

> we were not as rigorous as we should have been in managing our team growth. That’s on me.

If the CEO admits they made a mistake that led to the current layoffs then I think it would be admirable to take personal responsibility and accept some personal consequences as a result.