> As CEO, I’m accountable for the changes we’re making and where we’re headed in the future. So, I think it’s important for me to share how we got here and how the next few days will work.
I see no indication as to how Dylan will actually be held accountable for the decisions that ultimately led to this.
See this comment in every layoff thread. There is actually no reason why being accountable for something means you necessarily face imposed consequences for something. That does not follow. They are not synonyms.
So what is it in practice? If nothing happens, in any way, what's the point of saying it? If it means nothing, then sure, I'm accountable too, why not?
Accountable... to the board, who are loving the efficiencies.
Who's upset with this CEO's actions besides the families affected by it, who have no power individually over anything to hold him accountable? They're his capital resources. Executives aren't accountable to that.
But what about being held accountable for all the “significant investments” that didn’t pan out into the expected revenue? The board may be happy that the layoff cuts cost, but is the board happy with a CEO that has made multiple bad bets?
> I see no indication as to how Dylan will actually be held accountable for the decisions that ultimately led to this.
I believe you're reading the sentence differently than how it's being conveyed.
Dylan is talking about the decision to layoff will improve the company for the future. If it does not then the board should "hold him accountable" and remove him.
You're hoping that Dylan gets punished for being forced to layoff employees.
It's generous, yes, but it's also decent (though I don't think that's what GP meant). The computer/laptop thing is a nice touch, and the email thing seems genuinely thoughtful.
Often, the entity accountable for an outcome owns the consequences regardless of who's responsible for implementing it. It doesn't help that accountability and responsibility are often synonyms in all other contexts. It's why the department executive gets fired if 30 million dollars was spent and the program doesn't get the job done, at least if they manage not to skirt accountability for it.
I wonder how hard it would be to wait 4-6 months and then attempt to get rehired at Riot again. It seems unlikely that they will be on a total hiring freeze for over 6 months.
Dylan Jadeja has only been CEO a short while, although he's been at the company in an executive role much longer. He took over after the previous CEO left after years of being tainted by various sexual harassment scandals at the company. https://www.theverge.com/2023/5/12/23720971/riot-games-new-c...
From the public info at least, this is one of the better examples of how to handle layoffs: generous severance, an apology that sounds sincere, a reasonable amount of info, etc.
To the commenters saying this is just about juicing profits: ok, maybe so, but it seems at least equally plausible that it is what he says it is. Once you've reached the point that you've realized you've made a mistake, it makes sense to act.
In Britain the investment by companies into workforce training has fallen off a cliff. Then the same companies complain about shortage of skills. Apparently people should finish university with 10 years of work experience, at their own expense.
Below a certain IQ sure. The actual answer here is presumably just that it's legally cleaner — that and internal hiring and so on is apparently logistically almost impossible for a lot of companies (organizations accumulate a lot of scar tissue, flexibility is usually the first thing to go)
I loved Legends of Runeterra, but I knew the writing was on the wall from the very start.
Bummer considering it was one of the best F2P online TCGs out there (and that was probably also the problem, it's such great value for the F2P playerbase and didn't go as hard on monetization other than cosmetics).
Readit News
But, as usual,
> As CEO, I’m accountable for the changes we’re making and where we’re headed in the future. So, I think it’s important for me to share how we got here and how the next few days will work.
I see no indication as to how Dylan will actually be held accountable for the decisions that ultimately led to this.
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Who's upset with this CEO's actions besides the families affected by it, who have no power individually over anything to hold him accountable? They're his capital resources. Executives aren't accountable to that.
I believe you're reading the sentence differently than how it's being conveyed.
Dylan is talking about the decision to layoff will improve the company for the future. If it does not then the board should "hold him accountable" and remove him.
You're hoping that Dylan gets punished for being forced to layoff employees.
So…
> You're hoping that Dylan gets punished for being forced to layoff employees.
Seems to intentionally misconstrue what OP said.
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Now if they are responsible, maybe they should be liable for consequences
That's not a common interpretation in this context, especially the part about responsibility v. accountability. If it helps to understand it in a business process context: https://en.wikipedia.org/wiki/Responsibility_assignment_matr...
Often, the entity accountable for an outcome owns the consequences regardless of who's responsible for implementing it. It doesn't help that accountability and responsibility are often synonyms in all other contexts. It's why the department executive gets fired if 30 million dollars was spent and the program doesn't get the job done, at least if they manage not to skirt accountability for it.
Well that actually does make it seem like it was something they wanted to avoid.
I might need to eat my hat https://news.ycombinator.com/item?id=38957024
Someone explained that in one of the other recent layoff threads.
imagine if a retained CEO's layoff statement resulted in actual rioters
https://www.riotgames.com/en/work-with-us/jobs
Dead Comment
To the commenters saying this is just about juicing profits: ok, maybe so, but it seems at least equally plausible that it is what he says it is. Once you've reached the point that you've realized you've made a mistake, it makes sense to act.
This may well sometimes be true, but I doubt it passes over to "often".
Work with us - Open Positions: 0
In Britain the investment by companies into workforce training has fallen off a cliff. Then the same companies complain about shortage of skills. Apparently people should finish university with 10 years of work experience, at their own expense.
Bummer considering it was one of the best F2P online TCGs out there (and that was probably also the problem, it's such great value for the F2P playerbase and didn't go as hard on monetization other than cosmetics).
LoR State of the Game Update for those that care:
https://playruneterra.com/en-us/news/game-updates/state-of-t...