Re:DigitalOcean Is Doing Layoffs Right Now
by reisse on Wednesday February 15, 2023 @11:10AM
(#34805768)
Average CEO tenure is 5 years and it's going down. Personal anecdote: I worked at a large EU tech company, then acquired by even larger US tech company. For the five years there, I've seen five different CEOs with almost fully different teams of other C-levels. After the second CEO you clearly start to see how long the next one expects to reign - just take the roadmap and look where reasonable and achievable goals convert into pipe dreams.
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Re:DigitalOcean Is Doing Layoffs Right Now
by smugma on Wednesday February 15, 2023 @03:21PM
(#34809997)
In contrast, FAANGM’s have had an average of <2 CEO’s in the past 20+ years.
Re:DigitalOcean Is Doing Layoffs Right Now
by reisse on Wednesday February 15, 2023 @06:44PM
(#34812660)
Yes, on the scale of FAANG, the "I won't be in this position after a year" attitude shifts from C-level down to upper and middle management. I think it's because when you're a CEO of any of top-10 S&P500 companies, there is no next position for you to take, you're already at the very top of your personal career pyramid.
And I honestly think that in any of them, neither mass hirings nor layoffs are initiated by CEOs. I'd bet it's rather "one person pushes through the idea of hiring a lot of people, a year after another person pushes the idea of laying them off".
Re:DigitalOcean Is Doing Layoffs Right Now
by smugma on Thursday February 16, 2023 @09:08AM
(#34818793)
At least at Apple, Amazon, and Google, most execs have been there 10+ years.
One of the challenges is people often think “where’s my growth going to be if my Senior Director/VP isn’t going anywhere for 5 years?”