This was originally a reply elsewhere, but I thought it might be interesting for everyone…. Slightly edited for better clarity.
“I recently sold my company to a publicly traded “PLC” and I could go on for days about how much of a shit show it is.
About how everything that causes “restructuring” and layoffs generally comes down to leaders that are only there to manage upwards.
It’s all about telling the group CEO/Board that the crops are growing great, meanwhile no one has planted any seeds…
The entirety of corporate thinking is all optics for the shareholders… which rather than the general idea that the shareholders are a large group of scattered grandpas and grandmas in Tulsa Oklahoma… they’re actually a very small set of investment groups and individuals which hold large chunks of stock. The result is an entire organization more concerned about the fickle happiness of three shareholders than the happiness of the employees or the actual customer that ensures the stock price because they love the product. These shareholders tend to know little to nothing about the product requirements of the customers they serve and they don’t care to know…
This means that all across the world corporate management are simply marketing to these shareholders and the actual customer that buys the widget is tertiary.
The business model is the exact same as Meta. These companies are only manufacturing products in order to sell their customers to the investors.”
Layoffs are just a way to cover for myopic decisions, made by businesspersons with no real vision, businesspersons that do not wake up in the morning to provide you with the best hammer. They just want to provide you to the shareholder.
(I welcome any questions about my experience.)