Re:Ask HN: What are the early signs of the company in trouble?
by shoo on Monday September 24, 2018 @06:11PM
(#18061916)
> Over 6 months ago, our "C" team was shaken up. Since then almost all execs have been let go or left
anecdote: I'm aware of a public financial company that roughly did this a few years ago, followed amongst other things by restructuring - making everyone reapply for a job, possibly changing role, possibly taking a voluntary redundancy payout (at least a few people wanted to stay but it would have been a silly financial decision not to take the payout). also followed by a greater emphasis on attempting to modernize IT & internal development capability.
so I wouldn't necessarily attempt to generalise too much from the observation of the C suite churning. Might depend on why the previous exec team churned. Did they lose the support of some powerful stakeholders? Were they a bit complacent and self serving?
No doubt there are other examples where the C suite churning was a prelude to a mess
anecdote: I'm aware of a public financial company that roughly did this a few years ago, followed amongst other things by restructuring - making everyone reapply for a job, possibly changing role, possibly taking a voluntary redundancy payout (at least a few people wanted to stay but it would have been a silly financial decision not to take the payout). also followed by a greater emphasis on attempting to modernize IT & internal development capability.
so I wouldn't necessarily attempt to generalise too much from the observation of the C suite churning. Might depend on why the previous exec team churned. Did they lose the support of some powerful stakeholders? Were they a bit complacent and self serving?
No doubt there are other examples where the C suite churning was a prelude to a mess