Linked by Howard Fosdick on Fri 23rd Nov 2012 14:03 UTC
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Member since:
2007-02-18
Plus you don't generate a loss of $8.8 billion without trying to buy in talent and promote talent. Clearly they did try that, and they failed (for whatever reasons). Now they need to retreat and regroup so they are around long enough to launch another assault.
That's the problem with corporate culture: they are completely shit at identifying any talent or potential talent. Can you seriously tell me that, on pure random chance, none of the employees they are about to lay off would happen to have the right skills or even just the right potential to take things somewhere?
I've only been exposed to corporate employment for a comparatively short time and it's easy to see that identifying talent is simply not done. It's all about getting people to self-promote and doing things "above and beyond" their job description despite them being completely incompetent AT their job description.
It's not easy, but it's not done. You would expect a CEO being paid millions for company that earns millions would not have problems taking on difficult tasks. Yet they always take the easy option of laying off people.
They like to paint themselves as making the hard decisions. But they're not hard decisions at all.