[nicksrose7224]

Without any actual implications of them "taking responsibility" too

[xpe]

What would that look like?

I'm no supporter of PR speak. The CEO ranks seem to have no problem in finding their next gig. Some some receive ludicrous compensation even when the company does poorly.

I'm just not sure what is the desired outcome here? And how do we get there?

[azakai]

One possibile way to take personal responsibility could be to add "and therefore I will reduce my compensation by the same percentage we are reducing headcount". (Based on other comments, that would be 6%.)

[int_19h]

At the minimum, the desired outcome is that they shouldn't talk about "taking personal responsibility" when there's none to be seen.

[tarunkotia]

Implication is that you get a strike against you which is publicly documented. This also serves a purpose of sending a message to middle-management that we should not repeat this strategic mistake of over-hiring when things are hot and then when things slowdown going through this painful process of separation. I am hopeful that this public admission will inculcate a culture of holding everyone accountable rather than "emperor has no clothes" culture where people live in denial.