[eob]

Have you ever managed a complex, dynamic, changing system and found that the optimal size based on current conditions was 20% less than it was at some prior time?

I can think of all sorts examples.

[izacus]

Why can't the CEO share the fate of laid off employees? They did nothing wrong either.

[mattmaroon]

The answer to your question is definitely no. Nobody who has ever ran a business for long would think that every layoff is due to CEO incompetence.