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Re:Stripe Layoff 14% of Workforce by pmoriarty on Thursday November 03, 2022 @11:01AM (#33452073)
"Their psychic abilities failed? A coin flip came up tails but they bet on heads?"

Isn't it interesting how we want to absolve execs of all blame when they bet wrong and get unlucky, but declare them geniuses and masters of business when they bet right and get lucky?

Re:Stripe Layoff 14% of Workforce by gizmo on Thursday November 03, 2022 @11:13AM (#33452271)
Of course the stripe founders are not absolved of blame. They made the wrong call.

But overall Stripe has A+ execution -- of which very little was luck -- and the founders deserve credit for that.

Re:Stripe Layoff 14% of Workforce by dymk on Thursday November 03, 2022 @11:10AM (#33452216)
It's easy to get something wrong, but it's hard to get it right.
Re:Stripe Layoff 14% of Workforce by pmoriarty on Thursday November 03, 2022 @11:12AM (#33452249)
A broken clock is right twice a day.
Re:Stripe Layoff 14% of Workforce by rm_-rf_slash on Thursday November 03, 2022 @12:01PM (#33453080)
Bad metaphor. There are a million wrong decisions that could be made any time at any day, and only a handful of options.
Re:Stripe Layoff 14% of Workforce by dymk on Thursday November 03, 2022 @12:02PM (#33453101)
You have to be right more than twice a day to lead a company like Stripe.
Re:Stripe Layoff 14% of Workforce by scarface74 on Thursday November 03, 2022 @11:10AM (#33452210)
Yes and we really should be crying for the software developers who worked for slave wages and had no opportunity to save.
Re:Stripe Layoff 14% of Workforce by pmoriarty on Thursday November 03, 2022 @11:11AM (#33452240)
At least they did something useful and actually earned their pay.
Re:Stripe Layoff 14% of Workforce by chasebank on Thursday November 03, 2022 @11:43AM (#33452772)
Like creating a company that gives thousands of people jobs? Or creating infrastructure to enable millions of web based businesses the ability to mindlessly process payments? God, I miss the old HN. This place is reddit now.
Re:Stripe Layoff 14% of Workforce by idealmedtech on Thursday November 03, 2022 @12:34PM (#33453573)
Another entry in the decades-long saga: https://news.ycombinator.com/item?id=149257
Re:Stripe Layoff 14% of Workforce by pmoriarty on Thursday November 03, 2022 @12:44PM (#33453724)
Who built the railroads? J. P. Morgan, or the millions of people who worked for him?

Not surprising to see execs and founders on here patting each other on the back and trying to convince everyone that they deserve their millions because of how innovative they are all the "value" they create. Looks like the old HN to me.

Re:Stripe Layoff 14% of Workforce by scarface74 on Thursday November 03, 2022 @03:32PM (#33456207)
I’m neither an executive or a founder. I’m just self aware enough to know that software engineers aren’t exactly starving.
Re:Stripe Layoff 14% of Workforce by joenot443 on Thursday November 03, 2022 @11:17AM (#33452346)
I don’t think I’ve ever seen anyone here express the sentiment that execs and CEOs are geniuses for leading a profitable company. If anything, it seems like it’s us engineers who like to consider ourselves brilliant, and that the simple-minded management should be so lucky to have us.