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Comments (2)
The 'operational excellence' line is just corporate speak for scraping by on fumes. I’ve seen the same cycle of firing and rehiring since the early days, and it never results in innovation. It’s just cost-cutting to keep the stock price from cratering while the core product stagnates. We are losing the people who actually know how the legacy systems function, which is a recipe for a massive outage down the road. Honestly, just keep your resume updated and stop buying into the vision; leadership is only focused on the next quarterly report.
I actually think the leaner approach is overdue. We spent years burning cash on bloated projects that went nowhere, so hitting the reset button on headcount is a necessary evil if we ever want to be a serious, profitable firm. It’s painful to see colleagues go, but the days of infinite growth and 'move fast and break things' are over. If we want to survive long-term, we have to prove we can build sustainable margins. The institutional knowledge concerns are valid, but that’s a management problem, not a strategy problem.