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Comment on Ask HN: Why are big tech companies having mass layoffs?parent

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No doubt, but I think that only reinforces "gross mismanagement and active negligence", and again, the CEOs should be out as a result, for cause and therefore without their "my family and I are even more permanently wealthy" severance packages.

Yeah in theory, but the Board's let it happen so they really have themselves to blame. The Board's answer to the shareholders (again, in theory) and yet the composition of musical Board chairs never seems to be affected.

So we just keep peeling away layers of the onion until we get to the abuses of proxy voting by large fund managers (e.g. Larry Fink of Blackrock), who unfortunately seem to be accountable to nobody.

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