I would say fad is probably a poor choice of words given the perspective "if one CEO thought it was appropriate (they let headcount + salaries creep up too high" and deemed it was in the realm of "action needed to correct", it probably wasn't baseless.
Have you taken a look at the year over year headcount growth of some of these companies? If anything, you could make the argument that 7% isn't enough :/
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It's like one CEO did it and it opened the door for it to be socially acceptable climate wise for everybody to follow suit.
So, a fad?
I would say fad is probably a poor choice of words given the perspective "if one CEO thought it was appropriate (they let headcount + salaries creep up too high" and deemed it was in the realm of "action needed to correct", it probably wasn't baseless.
Have you taken a look at the year over year headcount growth of some of these companies? If anything, you could make the argument that 7% isn't enough :/
I’m not really in the business of sympathizing with CEOs for poor past decisions