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by velcrovan 1021 days ago
This…doesn’t make it better as far as trust in the company goes. Weakness in the business model is one thing. Having a total existential threat to the company that emerges so quickly that it could not be foreseen before sending out a whole whack of signed offer letters — even if real and legitimate — can only mean extremely terrible mismanagement.
2 comments
StressedDev 1021 days ago
What you have to remember is there are no guarantees in the world. No one wants to tell 75 people their job offers were rescinded. The problem is Flexport thinks this is better than the alternatives. Sometimes, you do not have good options. You just have bad and worse.

I think the lesson we can all learn from this is SAVE MONEY, and assume bad things will happen.

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sokoloff 1021 days ago
In this case, the offers are being rescinded by the CEO who is stepping in to replace the recently dismissed CEO, indicating that the board and new CEO agrees that there was mismanagement previously.
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willcipriano 1021 days ago
They are a party the mismanagement. If they were more alert and acted sooner they wouldn't have to had done this.
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FireBeyond 1020 days ago
> the board and new CEO agrees

The new CEO was the Executive Chairman of the Board, one and the same. And also the person that the old CEO reported to.

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