Layoffs will happen when companies aren't doing well. IMHO, the problem is the CEO getting a freaking _BONUS_ while simultaneously claiming the company isn't doing well and as a result they're laying off people. The board probably approved his bonus as well, so all this is nothing but a PR stunt. They don't care, they never cared.
If the company isn't doing well everyone in senior management should also get a haircut. Bonus cancelled, pay reduced, etc. As per the CEO - "Not meeting deadlines will not be acceptable". Well, dude, what about your own deadlines and milestones? He drove the company into the ground, and so should also shoulder some of the responsibility.
If the company isn't doing well everyone in senior management should also get a haircut. Bonus cancelled, pay reduced, etc. As per the CEO - "Not meeting deadlines will not be acceptable". Well, dude, what about your own deadlines and milestones? He drove the company into the ground, and so should also shoulder some of the responsibility.