[expazl]

That's like demanding that anytime a F1 driver takes a pit stop he should be fired. Obviously the pit stop itself doesn't improve the time, and he's just sitting still. Imagine if a driver was sitting still after the race started!?

Layoffs are not desirable for a company, but sometimes they are required. The fact that a CEO decides to go with layoffs when it's the right thing to do shouldn't be seen as a failure of the CEO. It's the pit stop that keeps the company from exploding if you just ignore all financial health markers and keep everyone employed until the money runs dry and you have to gut the business and sell of part to cover the bankruptcy.

[ttymck]

That has to be one of the least applicable analogies.

Laying off 1/5 of staff is not a "pit stop" to refuel. It's an admission of staggering mismanagement.