[smga3000]

Taking responsibility for laying off a bunch of people is thin gruel. What does that mean? Nothing. They showed you loyalty, you didn't return it. The over hiring is a symptom of bad management, so taking responsibility would be to demote yourself and take a pay cut. All the executive staff should have taken one and kept more people on. It is irresponsible and cruel to overhire and then dump people. I could say more, but I am sure this is falling on deaf ears.

[redwood]

Over-hiring is a calculus that shifts depending on macro market conditions. To pretend otherwise just isn't an honest assessment of what it means to be a business leader. In the zero interest rate era, it was irresponsible for business executives to not invest to ensure they had a competitive foundation or else be left-behind by those doing so... The rise of interest rates changed the market's appetite to invest in non-profitable growth companies, which in turn had a series of follow-on effects that required software executives to reverse course so as to optimize for their long term viability in the new climate.