Dropbox CEO 'Takes Full Accountability' as He Fires 500 People
Dropbox CEO 'Takes Full Accountability' as He Fires 500 People
CEO Drew Houston will remain in his job.
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I wish someone would keep a list of all the companies that have laid employees off in the last few years, so we can keep tabs on who to not give our business to.
Would be easier to keep a list of those that didn't.
Well, if dropbox can exist without those 500 employees, then it’s logical. You don’t judge success of a business by how many people it employs
The problem is that we judge its success by how much the wealthiest people bet on its success in a glorified casino instead of anything else, like its positive impact on society.
A plane can continue to fly without a pilot. The problem is not "continuing to exist", but continued success or a spectacular crash.
Also, I'd bet on Dropbox being able to function quite well without its CEO.
Sure, if the CEO is replaced by someone else who can manage the company, sure. But you cannot generally expect people to manage themselves. That’s why communism never worked and never will.
Also, what is according to you a glorified casino?
Your comment does not make sense. In communist countries, companies still have CEOs, they just don't have private shareholders, they are owned by the state. Not that I care about that.
And what I call a casino is the NYSE, when stocks offering no dividends are pumped to the stratosphere, with purely speculative buys.
Imagine calling stocks a casino xD
Imagine calling stocks your economy.
Not all stocks, though, just the ones with sharp upward trends despite the fundamentals and no dividends or voting rights. How are they different from a big-tech backed shitcoin? You don't get part of the economic output or even the influence, they are simply a token given to you by a random corpo saying it will be worth more next month.
You can buy a part of company. If you buy 0.00001% of that company, you surely won’t take part in the decisions as your vote does not matter. From the other side, if millions of people owning 0.00001% of the company were making decisions, it would have been very slow to respond to the competition.
It’s all quite simple. If you disagree with company’s management, just sell the stocks. And no one is saying that company’s stock will be worth more next month.
You could argue that you can judge their success based on the ratio of employees they used to employ versus how many they employ now.
So if I have a small computer repair store and want to make it more successful, I should employ at least million people, so the ratio goes up?
The employees are more important than the boss. So yeah, I do count those jobs and feel it means something significant. Also, what does "logical" even mean to you? If the boss cut his own pay, he could have kept the employees. That's just as logical, isn't it? So you're not talking about logic, are you.
If you want to talk about values, let's do it. Please explain why multi millionaires (and richer) matter more than everyone else. Please.
Company is not a charity. There is a difference.
Suppose that dropbox employs twice as many people as other cloud providers. Would you be willing to pay them the twice amount for the same product the competition offers just because they employ more people?
You know, we live in the world of competition where you need to be ahead your rivals, otherwise your company fails (and all employees lose their jobs). So cutting costs where it’s possible makes perfect sense, especially if the employees can be replaced by computers or sth.