this post was submitted on 17 Oct 2023
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I feel like most of it is private ownership. The minute you enter the CEO/Board of Directors ecosystem with investors to pay and expectations of eternal growth, everything turns to shit.
Yup, can confirm. The company I work for is public, and we recently did layoffs despite being profitable, because we weren't as profitable as we projected. That's the kind of nonsense you get from public companies. I suppose it could happen with private companies as well, but my experience having worked for both doesn't fit with that.