[candiodari]

All of this forgets that management, in capitalism, represents the shareholders. Their ONLY job is to invest as wisely as possible, and yes, that means predicting the future.

Now there's 2 parts of management. There's accounting, processing orders, filling out whatever government forms need filling out, keeping up to date with new regulations, ... Sometimes this is called accounting, but generally it's called management. They're not who we mean.

But then there's management, like the C-suite. Who "set direction". Their ONLY job, like shareholders, is to predict the future. That's literally their only function.

So yes, firing them because they misjudged required headcount doesn't sound even a little bit unreasonable.

[hef19898]

But they did everything right for shareholders. They positioned the company to benefit from pas demand, and now they adjust head count for lower demand. Both decisions are good for shareholders, and the long term survival of a company.

Unless of course, and I didn't check, Maersks bets on air freight, warehousing and fulfillment didn't oay off. In ehich case the C suite set a wrong strategy.